Cormark Research Analysts Lower Earnings Estimates for TFII

TFI International Inc. (NYSE:TFII) – Analysts at Cormark cut their FY2024 EPS estimates for shares of TFI International in a research report issued on Wednesday, October 23rd. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $6.21 for the year, down from their previous forecast of $6.47. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $1.66 EPS, Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $2.09 EPS, Q4 2025 earnings at $2.10 EPS and FY2025 earnings at $7.97 EPS.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period in the prior year, the business earned $1.57 EPS.

Several other research analysts have also recently issued reports on TFII. TD Cowen dropped their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup dropped their target price on shares of TFI International from $159.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday. CIBC dropped their target price on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Desjardins dropped their target price on shares of TFI International from $209.00 to $204.00 and set a “hold” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.81.

TFI International Trading Down 0.8 %

TFII stock opened at $133.83 on Friday. The company has a market capitalization of $11.32 billion, a PE ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55. TFI International has a 12 month low of $106.84 and a 12 month high of $162.13. The firm’s 50-day moving average is $142.09 and its 200 day moving average is $142.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92.

Institutional Trading of TFI International

Institutional investors have recently bought and sold shares of the stock. iA Global Asset Management Inc. acquired a new stake in TFI International in the 2nd quarter worth approximately $240,000. Industrial Alliance Investment Management Inc. boosted its stake in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after purchasing an additional 4,200 shares in the last quarter. Summit Global Investments boosted its stake in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.34%. TFI International’s dividend payout ratio (DPR) is 31.97%.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.