Scotiabank Cuts Earnings Estimates for TFI International

TFI International Inc. (NYSE:TFII) – Research analysts at Scotiabank lowered their FY2024 EPS estimates for TFI International in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta now expects that the company will post earnings of $4.31 per share for the year, down from their previous estimate of $6.75. The consensus estimate for TFI International’s current full-year earnings is $6.26 per share. Scotiabank also issued estimates for TFI International’s FY2025 earnings at $5.22 EPS and FY2026 earnings at $6.26 EPS.

Other equities analysts have also recently issued research reports about the stock. Susquehanna reduced their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and cut their price target for the stock from $158.00 to $142.00 in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lowered their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $169.19.

TFI International Stock Up 0.0 %

Shares of NYSE TFII opened at $133.25 on Monday. The firm has a fifty day simple moving average of $144.21 and a two-hundred day simple moving average of $144.36. TFI International has a 12 month low of $126.00 and a 12 month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $11.28 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.58.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) 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 company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm posted $1.57 earnings per share.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. TFI International’s dividend payout ratio is currently 32.73%.

Institutional Investors Weigh In On TFI International

A number of large investors have recently made changes to their positions in TFII. QV Investors Inc. purchased a new stake in shares of TFI International in the 3rd quarter worth $29,891,000. iA Global Asset Management Inc. grew its holdings in TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares during the period. Geode Capital Management LLC increased its position in TFI International by 6.8% in the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after buying an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of TFI International in the third quarter worth about $2,373,000. Finally, Toronto Dominion Bank lifted its position in shares of TFI International by 37.9% during the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after buying an additional 16,510 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

About TFI International

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.