Desjardins Lowers Earnings Estimates for TFI International

TFI International Inc (TSE:TFI) – Research analysts at Desjardins dropped their FY2024 earnings estimates for shares of TFI International in a report issued on Tuesday, October 22nd. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $8.54 for the year, down from their prior forecast of $8.66. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $2.26 EPS and FY2026 earnings at $12.71 EPS.

A number of other equities research analysts have also issued reports on TFI. Citigroup upgraded shares of TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Wolfe Research upgraded TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Stephens downgraded TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

TFI International Price Performance

TFI International (TSE:TFI) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$2.34 EPS for the quarter, topping the consensus estimate of C$2.17 by C$0.17. The company had revenue of C$3.10 billion during the quarter, compared to analyst estimates of C$3.14 billion.

TFI International Increases Dividend

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