Q2 2024 EPS Estimates for TFI International Inc. Cut by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Analysts at Desjardins reduced their Q2 2024 EPS estimates for TFI International in a research note issued to investors on Sunday, April 28th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $1.77 for the quarter, down from their previous forecast of $1.84. The consensus estimate for TFI International’s current full-year earnings is $7.47 per share. Desjardins also issued estimates for TFI International’s Q3 2024 earnings at $1.89 EPS, Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $6.81 EPS and FY2025 earnings at $8.79 EPS.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.89 billion.

Several other equities analysts have also recently weighed in on the stock. Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. TD Cowen decreased their price target on shares of TFI International from $178.00 to $176.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on TFI International in a research note on Monday, January 29th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Bank of America lifted their target price on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and fourteen 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 an average price target of $160.78.

TFI International Price Performance

Shares of TFII opened at $130.33 on Tuesday. The firm has a fifty day simple moving average of $151.29 and a two-hundred day simple moving average of $134.32. The firm has a market cap of $11.02 billion, a PE ratio of 23.15, a P/E/G ratio of 1.42 and a beta of 1.52. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. TFI International has a 1-year low of $102.94 and a 1-year high of $162.13.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. TFI International’s dividend payout ratio (DPR) is 28.42%.

Institutional Trading of TFI International

A number of large investors have recently added to or reduced their stakes in TFII. Van ECK Associates Corp raised its position in TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after purchasing an additional 743 shares during the period. Argent Capital Management LLC lifted its stake in TFI International by 793.1% in the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after purchasing an additional 161,094 shares during the last quarter. UMB Bank n.a. purchased a new position in shares of TFI International during the first quarter valued at approximately $136,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of TFI International by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after buying an additional 2,914 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TFI International in the first quarter worth approximately $42,583,000. Institutional investors 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.