Desjardins Weighs in on TFI International Inc.’s FY2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Desjardins reduced their FY2024 earnings estimates for shares of TFI International in a note issued to investors on Monday, September 30th. Desjardins analyst B. Poirier now forecasts that the company will earn $6.37 per share for the year, down from their prior forecast of $6.81. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS.

A number of other research firms have also recently weighed in on TFII. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Bank of America upped their price objective on TFI International from $148.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Cowen increased their price objective on TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 29th. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus boosted their price target on shares of TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.20.

TFI International Trading Down 1.2 %

NYSE:TFII opened at $135.27 on Wednesday. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The firm has a 50-day moving average price of $146.39 and a two-hundred day moving average price of $145.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, September 30th. TFI International’s dividend payout ratio is currently 28.42%.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its position in shares of TFI International by 67.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after purchasing an additional 1,542 shares during the last quarter. Argent Capital Management LLC lifted its holdings in TFI International by 2.5% during the 4th quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after buying an additional 494 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in TFI International in the 1st quarter valued at about $42,583,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after acquiring an additional 2,914 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of TFI International during the first quarter worth approximately $136,000. 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.