FY2022 EPS Estimates for TFI International Inc. (NYSE:TFII) Lifted by Cormark

TFI International Inc. (NYSE:TFII – Get Rating) – Equities research analysts at Cormark lifted their FY2022 EPS estimates for TFI International in a research note issued to investors on Monday, May 2nd. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $6.76 per share for the year, up from their prior estimate of $6.52. Cormark also issued estimates for TFI International’s FY2023 earnings at $7.92 EPS and FY2024 earnings at $8.72 EPS.

TFI International (NYSE:TFII – Get Rating) last released its earnings results on Monday, February 7th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.34. TFI International had a return on equity of 27.48% and a net margin of 8.18%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was up 90.8% compared to the same quarter last year.

Several other analysts also recently weighed in on the company. Royal Bank of Canada upped their price objective on TFI International from $97.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley upped their price objective on TFI International from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 9th. Desjardins upped their price objective on TFI International from C$161.00 to C$173.00 in a research report on Thursday, February 10th. Scotiabank upped their price objective on TFI International from C$135.00 to C$138.00 in a research report on Monday. Finally, TheStreet raised TFI International from a “c” rating to a “b-” rating in a report on Monday, February 7th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TFI International presently has a consensus rating of “Buy” and a consensus price target of $123.58.

Shares of TFII stock opened at $79.72 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.56. TFI International has a twelve month low of $77.99 and a twelve month high of $120.50. The company has a market cap of $7.30 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.65 and a beta of 1.61. The business has a fifty day simple moving average of $95.25 and a 200 day simple moving average of $99.79.

Several hedge funds have recently modified their holdings of the company. Metatron Capital SICAV plc acquired a new stake in TFI International during the fourth quarter worth approximately $965,000. EAM Global Investors LLC acquired a new stake in TFI International during the third quarter worth approximately $1,376,000. New York State Common Retirement Fund grew its stake in TFI International by 25.1% during the third quarter. New York State Common Retirement Fund now owns 18,364 shares of the company’s stock worth $1,876,000 after purchasing an additional 3,689 shares during the period. Russell Investments Group Ltd. grew its stake in TFI International by 75.9% during the fourth quarter. Russell Investments Group Ltd. now owns 33,047 shares of the company’s stock worth $3,710,000 after purchasing an additional 14,258 shares during the period. Finally, Geode Capital Management LLC grew its stake in TFI International by 1.0% during the third quarter. Geode Capital Management LLC now owns 35,810 shares of the company’s stock worth $3,735,000 after purchasing an additional 348 shares during the period. 60.04% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. TFI International’s payout ratio is 15.17%.

About TFI International (Get Rating)

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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