FY2024 EPS Estimates for TFI International Cut by Desjardins

TFI International Inc. (NYSE:TFII) – Analysts at Desjardins lowered their FY2024 earnings per share (EPS) estimates for shares of TFI International in a note issued to investors on Tuesday, October 22nd. Desjardins analyst B. Poirier now anticipates that the company will earn $6.19 per share for the year, down from their previous estimate of $6.37. Desjardins has a “Hold” rating and a $204.00 price target on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.64 EPS and FY2026 earnings at $9.21 EPS.

Several other equities research analysts have also recently commented on TFII. The Goldman Sachs Group cut their price target on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. CIBC reduced their target price on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, TD Cowen dropped their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $167.81.

TFI International Trading Down 0.8 %

TFII opened at $133.83 on Thursday. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The company’s 50 day simple moving average is $142.09 and its two-hundred day simple moving average is $142.83. TFI International has a 1-year low of $106.84 and a 1-year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92.

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

TFI International Increases Dividend

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

Hedge Funds Weigh In On TFI International

Several institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TFI International in the first quarter valued at approximately $42,583,000. QV Investors Inc. purchased a new position in TFI International in the third quarter valued at $29,891,000. AGF Management Ltd. grew its stake in TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in TFI International during the 1st quarter worth about $10,118,000. Finally, Hood River Capital Management LLC increased its holdings in TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after purchasing an additional 13,995 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

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.