TFI International (NYSE:TFII) Releases Quarterly Earnings Results

Key Points

• TFI International reported a quarterly earnings of $1.34 EPS, exceeding the consensus estimate of $1.27 by $0.07.
• The company's current market capitalization stands at $7.51 billion, with approximately 73.30% of its shares owned by institutional investors.
• Several analysts have updated their price targets for TFI International, with a consensus rating of "Moderate Buy" and an average target price of $116.44.

TFI International (NYSE:TFII - Get Free Report) released its quarterly earnings results on Monday. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.24 by $0.10, Zacks reports. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.59% and a return on equity of 16.78%.

TFI International Price Performance

TFI International stock opened at $90.46 on Tuesday. TFI International has a one year low of $72.02 and a one year high of $157.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.02 and a current ratio of 1.03. The business has a fifty day moving average of $89.33 and a two-hundred day moving average of $94.91. The company has a market cap of $7.51 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.88 and a beta of 1.48.

Analysts Set New Price Targets

Several equities analysts recently commented on TFII shares. UBS Group decreased their price objective on shares of TFI International from $107.00 to $88.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada decreased their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Susquehanna lifted their target price on shares of TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Susquehanna Bancshares lowered their price target on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, CIBC reduced their price objective on shares of TFI International from $118.00 to $110.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TFI International stock. United Services Automobile Association purchased a new position in shares of TFI International Inc. (NYSE:TFII - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,822 shares of the company's stock, valued at approximately $217,000. Institutional investors own 73.30% of the company's stock.

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.