Cormark Has Bearish Estimate for TFII FY2024 Earnings

TFI International Inc. (NYSE:TFII) – Equities researchers at Cormark dropped their FY2024 earnings per share estimates for TFI International in a research report issued to clients and investors on Wednesday, October 16th. Cormark analyst D. Ocampo now forecasts that the company will earn $6.47 per share for the year, down from their prior estimate of $6.78. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.71 per share. Cormark also issued estimates for TFI International’s Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.12 EPS.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Desjardins lowered TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Citigroup assumed coverage on shares of TFI International in a research note on Wednesday, October 9th. They set a “buy” rating and a $159.00 price objective for the company. The Goldman Sachs Group reduced their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, CIBC lowered their target price on shares of TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a report on Tuesday, October 1st. Six 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, TFI International presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.13.

TFI International Price Performance

TFII stock opened at $137.71 on Monday. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The firm has a market capitalization of $11.65 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. The company has a fifty day simple moving average of $143.04 and a two-hundred day simple moving average of $143.29. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $1.59 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. TFI International’s payout ratio is 28.42%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TFII. Vaughan Nelson Investment Management L.P. bought a new position in shares of TFI International during the 1st quarter worth $42,583,000. Sumitomo Mitsui Trust Holdings Inc. grew 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 acquiring an additional 2,914 shares in the last quarter. Van ECK Associates Corp grew its holdings in TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after acquiring an additional 743 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International during the 1st quarter valued at about $10,118,000. Finally, Steamboat Capital Partners LLC raised its holdings in shares of TFI International by 1.6% in the 1st quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock valued at $11,214,000 after purchasing an additional 1,086 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.