Q1 2024 EPS Estimates for TFI International Inc. Reduced by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII - Free Report) - Stock analysts at National Bank Financial cut their Q1 2024 earnings per share estimates for shares of TFI International in a research report issued to clients and investors on Tuesday, March 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.34 per share for the quarter, down from their prior estimate of $1.42. The consensus estimate for TFI International's current full-year earnings is $7.57 per share. National Bank Financial also issued estimates for TFI International's FY2024 earnings at $7.52 EPS.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley increased their price objective on TFI International from $169.00 to $176.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on TFI International in a report on Monday, January 29th. They issued a "buy" rating and a $175.00 price target for the company. Stifel Nicolaus boosted their price target on shares of TFI International from $148.00 to $149.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Bank of America lifted their price objective on TFI International from $127.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. cut their price objective on TFI International from $133.00 to $132.00 and set an "overweight" rating for the company in a report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.28.

TFI International Stock Up 0.3 %

TFII stock traded up $0.51 during mid-day trading on Thursday, hitting $159.51. The stock had a trading volume of 137,792 shares, compared to its average volume of 278,328. TFI International has a 1-year low of $100.96 and a 1-year high of $161.98. The company has a fifty day moving average of $144.85 and a 200 day moving average of $130.42. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 4.22 and a beta of 1.52.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.00%. TFI International's dividend payout ratio (DPR) is currently 27.54%.

Institutional Investors Weigh In On TFI International

Several institutional investors have recently added to or reduced their stakes in TFII. Marshall Wace LLP acquired a new stake in TFI International in the 4th quarter valued at $5,941,000. JPMorgan Chase & Co. raised its holdings in shares of TFI International by 11.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 355,237 shares of the company's stock valued at $40,483,000 after purchasing an additional 37,443 shares during the period. Geode Capital Management LLC raised its stake in TFI International by 9.8% in the second quarter. Geode Capital Management LLC now owns 277,978 shares of the company's stock valued at $31,698,000 after buying an additional 24,872 shares during the period. CDAM UK Ltd raised its stake in TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company's stock valued at $51,932,000 after acquiring an additional 24,730 shares during the period. Finally, Argent Capital Management LLC acquired a new position in TFI International in the third quarter valued at about $2,545,000. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.