TFI International (NYSE:TFII) Issues 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) announced its quarterly earnings data on Monday. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates 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 4.48% and a return on equity of 15.45%.

TFI International Stock Down 1.9%

Shares of NYSE:TFII traded down $1.63 during midday trading on Friday, reaching $85.54. 101,339 shares of the company were exchanged, compared to its average volume of 477,336. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $89.41 and a two-hundred day simple moving average of $94.54. The firm has a market cap of $7.10 billion, a PE ratio of 19.56, a P/E/G ratio of 3.05 and a beta of 1.48.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TFII. Royal Bank Of Canada cut their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. National Bank Financial raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Stifel Nicolaus increased their price target on shares of TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on shares of TFI International from $101.00 to $116.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, BMO Capital Markets dropped their price target on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, TFI International presently has an average rating of "Moderate Buy" and a consensus target price of $117.13.

Institutional Investors Weigh In On TFI International

A hedge fund recently bought a new stake in TFI International stock. United Services Automobile Association acquired a new position in shares of TFI International Inc. (NYSE:TFII - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,822 shares of the company's stock, valued at approximately $217,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.