FY2024 Earnings Estimate for TSE:TFI Issued By Desjardins

TFI International Inc (TSE:TFI) – Equities research analysts at Desjardins dropped their FY2024 earnings estimates for shares of TFI International in a report issued on Tuesday, October 22nd. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $8.54 per share for the year, down from their previous estimate of $8.66. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $2.26 EPS and FY2026 earnings at $12.71 EPS.

TFI has been the topic of a number of other reports. Wolfe Research upgraded TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Stephens cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Finally, National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

TFI International Price Performance

TFI International (TSE:TFI) last posted its earnings results on Thursday, July 25th. The company reported C$2.34 EPS for the quarter, beating the consensus estimate of C$2.17 by C$0.17. The company had revenue of C$3.10 billion for the quarter, compared to the consensus estimate of C$3.14 billion.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.609 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of ∞. This is an increase from TFI International’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st.