TFI International Inc. Expected to Post Q1 2024 Earnings of $1.34 Per Share (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Equities research analysts at National Bank Financial cut their Q1 2024 EPS estimates for shares of TFI International in a report released on Tuesday, March 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.34 per share for the quarter, down from their previous estimate of $1.42. The consensus estimate for TFI International’s current full-year earnings is $7.57 per share. National Bank Financial also issued estimates for TFI International’s FY2024 earnings at $7.52 EPS.

A number of other equities analysts also recently commented on the stock. CIBC boosted their target price on shares of TFI International from $158.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Morgan Stanley upped their price objective on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. BMO Capital Markets upped their target price on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Finally, 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 target price for the company. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.28.

TFI International Stock Up 0.3 %

TFI International stock opened at $159.51 on Thursday. TFI International has a twelve month low of $100.96 and a twelve month high of $161.98. The stock’s fifty day simple moving average is $145.41 and its 200-day simple moving average is $130.62. 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 firm has a market capitalization of $13.48 billion, a P/E ratio of 27.45, a P/E/G ratio of 4.22 and a beta of 1.52.

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

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of TFI International in the 4th quarter worth about $5,941,000. JPMorgan Chase & Co. boosted its holdings in shares of TFI International by 11.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 355,237 shares of the company’s stock valued at $40,483,000 after buying an additional 37,443 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TFI International by 9.8% in the 2nd quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock valued at $31,698,000 after buying an additional 24,872 shares during the period. CDAM UK Ltd boosted its holdings in shares of TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after buying an additional 24,730 shares during the period. Finally, Argent Capital Management LLC acquired a new position in shares of TFI International in the 3rd quarter valued at about $2,545,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 27th. TFI International’s dividend payout ratio (DPR) is 27.54%.

TFI International Company Profile

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.