Scotiabank Analysts Decrease Earnings Estimates for TSE:TFI

TFI International Inc (TSE:TFI) – Equities research analysts at Scotiabank dropped their FY2024 earnings per share estimates for TFI International in a research report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta now anticipates that the company will earn $6.19 per share for the year, down from their prior forecast of $9.18. Scotiabank also issued estimates for TFI International’s FY2025 earnings at $7.51 EPS and FY2026 earnings at $9.00 EPS.

TFI International (TSE:TFI) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of C$3.10 billion.

A number of other brokerages also recently issued reports on TFI. Citigroup raised shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Stephens cut TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Desjardins raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, December 9th. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

TFI International Price Performance

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.609 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.44 annualized dividend and a dividend yield of ∞. This is a boost from TFI International’s previous quarterly dividend of $0.54.