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

Key Points

• TFI International shares fell sharply, opening at $100 after closing at $112.54, following quarterly EPS of $1.67 that missed the $1.75 analyst consensus.
• Revenue reached $2.23 billion, in line with expectations, while net income increased year over year to $105.7 million from $84.7 million.
• Investors remain concerned about weaker profitability in the less-than-truckload segment and reduced earnings estimates, despite strong truckload operations and a consensus “Moderate Buy” analyst rating.

TFI International Inc. (NYSE:TFII - Get Free Report)'s stock price gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $112.54, but opened at $100.00. TFI International shares last traded at $98.11, with a volume of 147,222 shares.

The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08). The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. TFI International had a net margin of 4.14% and a return on equity of 14.87%.

More TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: TFI reported Q3 revenue of approximately $2.23 billion, in line with analyst expectations, while net income increased to $105.7 million from $84.7 million a year earlier. Adjusted earnings and revenue also rose year over year. TFI International Reports Higher Q3 Adjusted Earnings And Revenue
• Positive Sentiment: The company approved its quarterly dividend, payable January 15, 2027, reinforcing shareholder returns and signaling continued confidence in cash generation. TFI International Approves Quarterly Dividend
• Neutral Sentiment: TFI rescheduled its Q3 results webcast to October 30 at 9:30 a.m. Eastern time, one hour later than initially planned. The timing change does not alter the reported results but may provide additional management commentary for investors. TFI International Adjusts Timing of 2026 Third Quarter Webcast
• Negative Sentiment: Reported Q3 earnings of $1.67 per share missed the $1.75 consensus estimate by $0.08, despite rising from $1.20 a year ago. The miss may weigh more heavily than the year-over-year improvement. TFI International Q3 Earnings Miss Estimates
• Negative Sentiment: Truckload operations reportedly performed strongly, but the operating ratio in the less-than-truckload segment deteriorated, raising concerns about profitability and execution in a key business. First Look: TFI Truckload Sparkles, but OR at LTL Slips
• Negative Sentiment: Scotiabank analysts reduced their earnings estimates for TFII, adding further pressure to the near-term outlook following the quarterly report. Scotiabank Cuts Earnings Estimates for TFII

Wall Street Analysts Forecast Growth

TFII has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of TFI International from $154.00 to $158.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Royal Bank Of Canada decreased their target price on shares of TFI International from $171.00 to $144.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Morgan Stanley raised their target price on TFI International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Bank of America lifted their target price on TFI International from $178.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen cut TFI International from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 10th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $167.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TFII. Laurel Wealth Advisors LLC acquired a new stake in TFI International in the third quarter valued at $36,000. Allworth Financial LP purchased a new position in shares of TFI International in the 2nd quarter valued at about $46,000. State of Wyoming acquired a new stake in shares of TFI International during the 2nd quarter worth about $56,000. Versant Capital Management Inc lifted its position in shares of TFI International by 47.3% during the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company's stock worth $59,000 after buying an additional 131 shares during the last quarter. Finally, Tacita Capital Inc purchased a new stake in shares of TFI International during the 2nd quarter worth approximately $91,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Performance

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 firm's fifty day moving average price is $123.21 and its 200-day moving average price is $129.36. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.70 and a beta of 1.63.

About TFI International

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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