Cormark Weighs in on TFI International Inc.’s Q1 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Equities researchers at Cormark issued their Q1 2024 earnings estimates for TFI International in a report released on Friday, April 19th. Cormark analyst D. Ocampo expects that the company will post earnings per share of $1.36 for the quarter. The consensus estimate for TFI International’s current full-year earnings is $7.49 per share. Cormark also issued estimates for TFI International’s FY2025 earnings at $8.94 EPS and FY2026 earnings at $10.22 EPS.

Several other research firms have also recently commented on TFII. BMO Capital Markets increased their target price on TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. CIBC increased their target price on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a research note on Tuesday, April 2nd. Morgan Stanley increased their target price on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TFI International in a report on Monday, January 29th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $159.83.

TFI International Stock Performance

TFI International stock opened at $142.96 on Monday. The stock has a market cap of $12.09 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $151.96 and a 200-day moving average of $133.59. TFI International has a 52 week low of $100.96 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. TFI International had a net margin of 6.71% and a return on equity of 20.92%. TFI International’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.72 earnings per share.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. TFI International’s dividend payout ratio is currently 27.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TFII. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the 1st quarter worth $42,583,000. Marshall Wace LLP acquired a new position in TFI International during the 4th quarter worth $5,941,000. Geode Capital Management LLC boosted its position in TFI International by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock worth $31,698,000 after acquiring an additional 24,872 shares during the period. CDAM UK Ltd boosted its position in TFI International by 6.9% during the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after acquiring an additional 24,730 shares during the period. Finally, Argent Capital Management LLC acquired a new position in TFI International during the 3rd quarter worth $2,545,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.