National Bank Financial Comments on TFI International Inc.’s Q3 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Investment analysts at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for TFI International in a research report issued on Wednesday, September 25th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $1.86 for the quarter, down from their prior forecast of $2.00. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.85 per share. National Bank Financial also issued estimates for TFI International’s FY2025 earnings at $8.56 EPS.

Other analysts have also issued reports about the company. Royal Bank of Canada raised their price target on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens restated an “overweight” rating and issued a $176.00 price objective on shares of TFI International in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Bank of America raised their price objective on TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, CIBC raised their price objective on TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus price target of $170.33.

TFI International Stock Down 3.3 %

Shares of NYSE:TFII opened at $137.86 on Friday. The stock’s 50-day moving average price is $147.14 and its two-hundred day moving average price is $145.47. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.53 and a beta of 1.55.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.59 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis.

Institutional Investors Weigh In On TFI International

Hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. grew its stake in TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of TFI International in the 1st quarter worth approximately $10,118,000. AGF Management Ltd. grew its position in shares of TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after acquiring an additional 87,223 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of TFI International by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after acquiring an additional 6,808 shares in the last quarter. Finally, CDAM UK Ltd grew its position in shares of 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 acquiring an additional 24,730 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. TFI International’s dividend payout ratio (DPR) is presently 28.42%.

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.