National Bank Financial Comments on TSE:TFI FY2024 Earnings

TFI International Inc (TSE:TFI) – Analysts at National Bank Financial upped their FY2024 earnings per share estimates for TFI International in a note issued to investors on Wednesday, December 4th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $8.64 for the year, up from their previous forecast of $8.51. National Bank Financial also issued estimates for TFI International’s FY2025 earnings at $10.75 EPS.

TFI International (TSE:TFI) last posted its quarterly earnings results on Monday, October 21st. The company reported C$2.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.43 by C($0.25). The company had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$3.10 billion.

TFI has been the subject of a number of other research reports. Stephens cut TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Citigroup upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

TFI International Stock Performance

TFI International Increases Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $2.44 dividend on an annualized basis and a yield of ∞. This is a boost from TFI International’s previous quarterly dividend of $0.54.