TFI International Inc. (NYSE:TFII - Free Report) - Equities researchers at Desjardins reduced their Q2 2024 earnings estimates for TFI International in a research report issued on Sunday, April 28th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $1.77 for the quarter, down from their prior estimate of $1.84. The consensus estimate for TFI International's current full-year earnings is $7.47 per share. Desjardins also issued estimates for TFI International's Q3 2024 earnings at $1.89 EPS, Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $6.81 EPS and FY2025 earnings at $8.79 EPS.
TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.89 billion.
Several other analysts have also recently commented on the stock. Scotiabank upgraded shares of TFI International from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, January 22nd. TD Cowen decreased their price target on shares of TFI International from $178.00 to $176.00 and set a "buy" rating on the stock in a research note on Monday. Stifel Nicolaus boosted their price target on shares of TFI International from $148.00 to $149.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Bank of America upped their target price on shares of TFI International from $154.00 to $166.00 and gave the company a "neutral" rating in a research report on Monday, April 15th. Finally, Morgan Stanley upped their target price on shares of TFI International from $169.00 to $176.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.78.
Read Our Latest Research Report on TFII
TFI International Stock Down 4.0 %
Shares of NYSE:TFII traded down $5.45 during trading on Tuesday, reaching $130.33. 353,700 shares of the stock traded hands, compared to its average volume of 285,802. The stock has a 50-day moving average of $151.29 and a two-hundred day moving average of $134.32. TFI International has a 52-week low of $102.94 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66. The stock has a market cap of $11.02 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52.
TFI International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. TFI International's payout ratio is currently 28.42%.
Institutional Trading of TFI International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFII. Cary Street Partners Investment Advisory LLC acquired a new stake in TFI International during the third quarter valued at $27,000. UMB Bank n.a. acquired a new stake in TFI International during the first quarter valued at $136,000. SG Americas Securities LLC acquired a new stake in TFI International during the third quarter valued at $257,000. Clearbridge Investments LLC acquired a new stake in shares of TFI International in the fourth quarter valued at about $287,000. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock valued at $522,000 after purchasing an additional 1,542 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.
TFI International Company Profile
(
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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.
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