TFI International Inc. (NYSE:TFII) Expected to Earn Q2 2024 Earnings of $1.94 Per Share

TFI International Inc. (NYSE:TFII) – Research analysts at Cormark issued their Q2 2024 EPS estimates for shares of TFI International in a note issued to investors on Monday, April 29th. Cormark analyst D. Ocampo anticipates 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) last released its quarterly earnings results on Thursday, April 25th. 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 during the quarter, compared to the consensus estimate of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%.

A number of other brokerages have 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. Stifel Nicolaus boosted their price objective on shares of TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. BMO Capital Markets raised their target price on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Royal Bank of Canada dropped their price target on TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on TFI International in a research report on Monday, January 29th. They set a “buy” rating and a $175.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.78.

TFI International Stock Performance

NYSE:TFII opened at $129.79 on Wednesday. The stock has a market cap of $10.98 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.52. The firm’s fifty day simple moving average is $151.29 and its 200 day simple moving average is $134.32. TFI International has a twelve month low of $102.94 and a twelve month high of $162.13. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.86.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. TFI International’s dividend payout ratio (DPR) is 28.42%.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International during the 1st quarter valued at $42,583,000. Argent Capital Management LLC grew its position in shares of TFI International by 793.1% during the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after purchasing an additional 161,094 shares in the last quarter. CDAM UK Ltd lifted its holdings in TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after purchasing an additional 24,730 shares in the last quarter. AGF Management Ltd. boosted its stake in TFI International by 67.5% in the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after purchasing an additional 16,573 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in TFI International during the 3rd quarter valued at approximately $1,677,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.