TFI International Inc. to Post Q2 2024 Earnings of $1.94 Per Share, Cormark Forecasts (NYSE:TFII)

TFI International Inc. (NYSE:TFIIFree Report) – Analysts at Cormark issued their Q2 2024 earnings per share (EPS) estimates for shares of TFI International in a research report issued on Monday, April 29th. Cormark analyst D. Ocampo anticipates that the company will post earnings per share of $1.94 for the quarter. The consensus estimate for TFI International’s current full-year earnings is $7.06 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:TFIIGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.89 billion. TFI International had a return on equity of 20.39% and a net margin of 6.44%.

Several other brokerages have also recently issued reports on TFII. The Goldman Sachs Group boosted 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. Stifel Nicolaus increased their target price on TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BMO Capital Markets lifted their price target on TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. CIBC decreased their price objective on TFI International from $175.00 to $172.00 and set an “outperformer” rating for the company in a report on Monday. Finally, Morgan Stanley raised their price objective on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.78.

Check Out Our Latest Analysis on TFII

TFI International Stock Up 2.0 %

Shares of NYSE TFII opened at $132.38 on Wednesday. The firm has a fifty day simple moving average of $150.99 and a two-hundred day simple moving average of $134.29. TFI International has a 12 month low of $102.94 and a 12 month high of $162.13. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $11.19 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57.

Hedge Funds Weigh In On TFI International

Several large investors have recently modified their holdings of TFII. Barometer Capital Management Inc. bought a new stake in TFI International in the 3rd quarter worth about $1,677,000. Argent Capital Management LLC bought a new stake in TFI International in the 3rd quarter worth about $2,545,000. Van ECK Associates Corp increased its holdings in 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 buying an additional 343 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in TFI International in the 3rd quarter worth about $27,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TFI International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock worth $23,378,000 after buying an additional 4,113 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 27th. TFI International’s dividend payout ratio is presently 28.42%.

TFI International Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for TFI International (NYSE:TFII)

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