TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings

TFI International Inc. (NYSE:TFII - Get Free Report)'s share price gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $140.74, but opened at $135.84. TFI International shares last traded at $134.44, with a volume of 219,808 shares changing hands.

The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.15). The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. TFI International had a net margin of 6.71% and a return on equity of 20.92%.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.16%. TFI International's payout ratio is currently 27.54%.

Analyst Ratings Changes

TFII has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of TFI International from $157.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Morgan Stanley increased their price target 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. CIBC lifted their target price on shares of TFI International from $167.00 to $175.00 and gave the stock an "outperformer" rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of TFI International in a research report on Monday, January 29th. They issued a "buy" rating and a $175.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of TFI International from $148.00 to $149.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $159.83.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC purchased a new position in TFI International during the third quarter worth about $27,000. Parallel Advisors LLC boosted its holdings in shares of TFI International by 2.7% in the 4th quarter. Parallel Advisors LLC now owns 10,625 shares of the company's stock worth $1,445,000 after purchasing an additional 278 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of TFI International by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company's stock worth $1,324,000 after purchasing an additional 343 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of TFI International by 2.5% in the 4th quarter. Argent Capital Management LLC now owns 20,313 shares of the company's stock worth $2,762,000 after purchasing an additional 494 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of TFI International in the 1st quarter worth about $136,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Price Performance

The business has a fifty day moving average price of $151.77 and a 200-day moving average price of $134.07. 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 $11.66 billion, a PE ratio of 23.73, a PEG ratio of 1.44 and a beta of 1.52.

About TFI International

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.