Research Analysts Issue Forecasts for TFI International Inc.'s Q2 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII - Free Report) - Investment analysts at Cormark issued their Q2 2024 earnings estimates for shares of TFI International in a report issued on Monday, April 29th. Cormark analyst D. Ocampo forecasts that the company will earn $1.94 per share for the quarter. The consensus estimate for TFI International's current full-year earnings is $7.41 per share. Cormark also issued estimates for TFI International's FY2024 earnings at $6.82 EPS and FY2026 earnings at $9.58 EPS.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.24 earnings per share (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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.89 billion.

Several other brokerages also recently commented on TFII. Scotiabank upgraded shares of TFI International from a "sector perform" rating to a "sector outperform" rating in a report on Monday, January 22nd. Morgan Stanley raised their target price on shares of TFI International from $169.00 to $176.00 and gave the stock an "overweight" rating in a report on Monday, February 12th. BMO Capital Markets raised their target price on shares of TFI International from $130.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, February 12th. Royal Bank of Canada decreased their price target on shares of TFI International from $173.00 to $162.00 and set an "outperform" rating for the company in a research note on Monday. Finally, The Goldman Sachs Group raised their price target on shares of TFI International from $157.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $160.78.

TFI International Trading Down 0.4 %

Shares of NYSE:TFII traded down $0.50 during mid-day trading on Wednesday, reaching $129.79. The stock had a trading volume of 347,662 shares, compared to its average volume of 286,588. The firm has a market cap of $10.98 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.52. The firm has a 50 day simple moving average of $151.29 and a two-hundred day simple moving average of $134.32. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. TFI International has a twelve month low of $102.94 and a twelve month high of $162.13.

Institutional Trading of TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. Cary Street Partners Investment Advisory LLC bought a new stake in shares of TFI International during the third quarter worth about $27,000. UMB Bank n.a. bought a new stake in shares of TFI International during the first quarter worth about $136,000. SG Americas Securities LLC bought a new stake in shares of TFI International during the third quarter worth about $257,000. Clearbridge Investments LLC bought a new stake in shares of TFI International during the fourth quarter worth about $287,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings 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. 73.30% of the stock is currently owned by institutional investors.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, March 27th. TFI International's dividend payout ratio is presently 28.42%.

TFI International Company Profile

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.