TFI International (NYSE:TFII) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Key Points

• TFI International reported quarterly EPS of $1.67, falling $0.08 short of analysts’ consensus estimate of $1.75. The company posted a 14.87% return on equity and a 4.14% net margin.
• Shares rose 0.2% to $112.31, while trading below their 50-day and 200-day moving averages; the stock has traded between $80.63 and $167.69 over the past year.
• Analyst sentiment remains positive but mixed, with 14 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $167.94.

TFI International (NYSE:TFII - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.08), Zacks reports. TFI International had a return on equity of 14.87% and a net margin of 4.14%.

TFI International Trading Up 0.2%

Shares of TFII stock traded up $0.20 on Thursday, hitting $112.31. The stock had a trading volume of 446,448 shares, compared to its average volume of 366,573. TFI International has a twelve month low of $80.63 and a twelve month high of $167.69. The firm has a market cap of $9.23 billion, a P/E ratio of 27.59, a PEG ratio of 0.70 and a beta of 1.63. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average price of $123.74 and a two-hundred day moving average price of $129.35.

Analyst Upgrades and Downgrades

TFII has been the subject of several recent research reports. National Bank Financial dropped their target price on shares of TFI International from $161.00 to $148.00 and set an "outperform" rating for the company in a research report on Tuesday, October 6th. Wall Street Zen lowered TFI International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 10th. Weiss Ratings restated a "hold (c)" rating on shares of TFI International in a research report on Monday, September 21st. Stephens lifted their price objective on TFI International from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on TFI International from $175.00 to $168.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, TFI International currently has an average rating of "Moderate Buy" and an average target price of $167.94.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.

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