Q3 Earnings Forecast for TFI International Issued By Cormark

TFI International Inc. (NYSE:TFII) – Stock analysts at Cormark lowered their Q3 2024 earnings per share (EPS) estimates for shares of TFI International in a research note issued to investors on Wednesday, October 16th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $1.74 for the quarter, down from their prior estimate of $1.93. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.71 per share. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.26 EPS, FY2025 earnings at $8.26 EPS and FY2026 earnings at $9.22 EPS.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Citigroup began coverage on shares of TFI International in a research note on Wednesday, October 9th. They set a “buy” rating and a $159.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and issued a $149.00 price objective (down from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group cut their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.13.

TFI International Price Performance

TFI International stock opened at $138.14 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.69 billion, a P/E ratio of 24.54, a PEG ratio of 1.53 and a beta of 1.55. The business has a 50-day moving average of $143.16 and a 200-day moving average of $143.64. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, September 30th. TFI International’s payout ratio is 28.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TFII. QV Investors Inc. bought a new stake in shares of TFI International during the third quarter worth approximately $29,891,000. Toronto Dominion Bank boosted its stake in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after purchasing an additional 6,475 shares during the period. AGF Management Ltd. grew its holdings in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after buying an additional 87,223 shares in the last quarter. NewGen Asset Management Ltd increased its position in TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after buying an additional 1,000 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in shares of TFI International during the second quarter worth $240,000. Institutional investors and hedge funds 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.