TFI International (TSE:TFII) Announces Quarterly Earnings Results

TFI International (TSE:TFII) posted its quarterly earnings results on Thursday. The company reported C$1.82 earnings per share for the quarter, FiscalAI reports. TFI International had a return on equity of 12.39% and a net margin of 4.11%. The firm had revenue of C$3.18 billion for the quarter.

TFI International Stock Performance

TSE TFII traded up C$0.45 on Thursday, reaching C$157.14. The stock had a trading volume of 569,181 shares, compared to its average volume of 258,043. The company has a debt-to-equity ratio of 111.46, a current ratio of 1.09 and a quick ratio of 1.18. The firm has a fifty day moving average of C$173.42 and a two-hundred day moving average of C$179.74. TFI International has a 1-year low of C$113.72 and a 1-year high of C$233.85. The company has a market cap of C$12.92 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were paid a $0.47 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 annualized dividend and a yield of 1.2%. TFI International’s payout ratio is 45.70%.

Insider Activity at TFI International

In other TFI International news, Director Rosemary Turner purchased 3,643 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of C$197.58 per share, for a total transaction of C$719,783.94. Following the completion of the transaction, the director owned 3,945 shares in the company, valued at approximately C$779,453.10. This represents a 1,206.29% increase in their ownership of the stock. Also, Director Keith Hall sold 1,069 shares of TFI International stock in a transaction on Monday, August 17th. The shares were sold at an average price of C$205.95, for a total value of C$220,160.55. 5.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank dropped their price target on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Desjardins lifted their price objective on shares of TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, National Bank Financial lowered their price objective on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$179.40.

TFI International Company Profile

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.