TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings

TFI International Inc. (NYSE:TFII)’s stock price gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $140.74, but opened at $135.84. TFI International shares last traded at $134.44, with a volume of 219,808 shares changing hands.

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 return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.89 billion.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. TFI International’s payout ratio is presently 28.42%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TFII. Scotiabank raised shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 22nd. Bank of America upped their price target on shares of TFI International from $154.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. BMO Capital Markets upped their price target on shares of TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Stifel Nicolaus boosted their price objective on shares of TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.83.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of TFI International in the third quarter worth $27,000. UMB Bank n.a. purchased a new position in TFI International during the first quarter valued at $136,000. SG Americas Securities LLC acquired a new stake in shares of TFI International in the third quarter valued at about $257,000. Clearbridge Investments LLC acquired a new stake in shares of TFI International in the fourth quarter valued at about $287,000. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after purchasing an additional 1,542 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Trading Down 2.1 %

The company’s 50 day moving average price is $151.77 and its two-hundred day moving average price is $134.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.23. The stock has a market capitalization of $11.66 billion, a PE ratio of 24.48, a P/E/G ratio of 1.45 and a beta of 1.52.

TFI International Company Profile

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.