Desjardins Predicts Reduced Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Investment analysts at Desjardins lowered their FY2024 earnings per share (EPS) estimates for TFI International in a note issued to investors on Tuesday, October 22nd. Desjardins analyst B. Poirier now expects that the company will post earnings of $6.19 per share for the year, down from their previous estimate of $6.37. Desjardins has a “Hold” rating and a $204.00 price objective on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.64 EPS and FY2026 earnings at $9.21 EPS.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $158.00 to $142.00 in a research note on Wednesday. Stephens restated an “equal weight” rating and issued a $149.00 price target (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Citigroup reduced their price objective on TFI International from $159.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen lowered their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus price target of $167.94.

TFI International Stock Down 3.1 %

TFII stock opened at $131.69 on Thursday. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The business has a fifty day moving average price of $142.63 and a 200-day moving average price of $142.96. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $11.15 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $1.57 EPS.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFII. iA Global Asset Management Inc. bought a new stake in TFI International during the 2nd quarter valued at approximately $240,000. Industrial Alliance Investment Management Inc. raised its stake in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. raised its stake in TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Summit Global Investments raised its stake in TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares during the period. Finally, Van ECK Associates Corp raised its stake in TFI International by 6.9% during the 1st 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. Institutional investors own 73.30% of the company’s stock.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio (DPR) is 29.09%.

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.