FY2024 EPS Estimates for TFI International Cut by Cormark

TFI International Inc (TSE:TFI) – Investment analysts at Cormark decreased their FY2024 earnings estimates for TFI International in a report issued on Wednesday, October 23rd. Cormark analyst D. Ocampo now expects that the company will earn $8.57 per share for the year, down from their prior estimate of $8.80. Cormark currently has a “Moderate Buy” rating on the stock. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $2.29 EPS, Q1 2025 earnings at $2.28 EPS, Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $2.88 EPS, Q4 2025 earnings at $2.90 EPS and FY2025 earnings at $11.00 EPS.

TFI has been the topic of a number of other reports. Stephens lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Citigroup raised TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. Desjardins downgraded TFI International from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wolfe Research raised TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

TFI International Price Performance

TFI International (TSE:TFI) last released its earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.17 by C$0.17. The firm had revenue of C$3.10 billion for the quarter, compared to analysts’ expectations of C$3.14 billion.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.609 dividend. This represents a $2.44 dividend on an annualized basis and a yield of ?. This is an increase from TFI International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st.