FY2024 EPS Forecast for TFI International Raised by Analyst

TFI International Inc (TSE:TFI) – National Bank Financial lifted their FY2024 earnings per share estimates for shares of TFI International in a research report issued to clients and investors on Wednesday, December 4th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $8.64 per share for the year, up from their prior estimate of $8.51. National Bank Financial also issued estimates for TFI International’s FY2025 earnings at $10.75 EPS.

TFI International (TSE:TFI) last released its quarterly earnings results on Monday, October 21st. The company reported C$2.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.43 by C($0.25). The company had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$3.10 billion.

Several other brokerages have also weighed in on TFI. Citigroup raised TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Stephens lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat, TFI International presently has an average rating of “Moderate Buy”.

TFI International Stock Performance

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.609 per share. This represents a $2.44 annualized dividend and a dividend yield of ∞. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.54.