National Bank Financial Forecasts TFII FY2024 Earnings

TFI International Inc. (NYSE:TFII) – Equities researchers at National Bank Financial lowered their FY2024 EPS estimates for TFI International in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $6.17 for the year, down from their previous estimate of $6.61. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share.

Several other analysts have also issued reports on TFII. Susquehanna reduced their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday. TD Securities decreased their price target on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $158.00 to $142.00 in a research report on Wednesday. Finally, National Bankshares decreased their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Price Performance

TFII stock opened at $134.94 on Thursday. The company’s 50-day moving average price is $142.35 and its two-hundred day moving average price is $142.88. The firm has a market cap of $11.42 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.50 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13.

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

Institutional Investors Weigh In On TFI International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TFI International in the first quarter worth approximately $42,583,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after purchasing an additional 2,914 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of 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 during the period. Mediolanum International Funds Ltd bought a new stake in shares of TFI International in the 1st quarter valued at $10,118,000. Finally, Steamboat Capital Partners LLC increased its position in shares of TFI International by 1.6% during the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after buying an additional 1,086 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 29.09%.

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.