TFI International Inc. (NYSE:TFII) Expected to Announce Quarterly Sales of $2.23 Billion

Analysts forecast that TFI International Inc. (NYSE:TFIIGet Rating) will announce $2.23 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for TFI International’s earnings, with the lowest sales estimate coming in at $2.18 billion and the highest estimate coming in at $2.27 billion. TFI International posted sales of $1.84 billion during the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that TFI International will report full year sales of $8.82 billion for the current fiscal year, with estimates ranging from $8.68 billion to $8.96 billion. For the next year, analysts forecast that the company will post sales of $8.98 billion, with estimates ranging from $8.60 billion to $9.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover TFI International.

TFI International (NYSE:TFIIGet Rating) last released its earnings results on Thursday, April 28th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.39. TFI International had a net margin of 8.18% and a return on equity of 26.98%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.03 billion.

A number of analysts have issued reports on TFII shares. JPMorgan Chase & Co. reduced their price target on shares of TFI International from $134.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Royal Bank of Canada lifted their price target on shares of TFI International from $97.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, May 2nd. Zacks Investment Research downgraded shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Wolfe Research upgraded shares of TFI International from a “peer perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Monday, March 14th. Finally, Morgan Stanley lifted their price target on shares of TFI International from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, February 9th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $123.41.

Several hedge funds have recently added to or reduced their stakes in TFII. Distillate Capital Partners LLC boosted its position in TFI International by 11.2% in the 1st quarter. Distillate Capital Partners LLC now owns 2,011 shares of the company’s stock valued at $214,000 after buying an additional 203 shares during the period. US Bancorp DE boosted its position in TFI International by 1,700.8% in the 1st quarter. US Bancorp DE now owns 4,376 shares of the company’s stock valued at $466,000 after buying an additional 4,133 shares during the period. FDx Advisors Inc. boosted its position in TFI International by 5.8% in the 1st quarter. FDx Advisors Inc. now owns 8,228 shares of the company’s stock valued at $876,000 after buying an additional 451 shares during the period. Metatron Capital SICAV plc purchased a new stake in TFI International in the 4th quarter valued at about $965,000. Finally, Cumberland Partners Ltd boosted its position in TFI International by 2.8% in the 1st quarter. Cumberland Partners Ltd now owns 11,100 shares of the company’s stock valued at $1,183,000 after buying an additional 300 shares during the period. 60.04% of the stock is owned by hedge funds and other institutional investors.

TFII opened at $78.09 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.16 and a current ratio of 1.19. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.78. The firm’s fifty day moving average is $89.09 and its 200 day moving average is $96.42. TFI International has a fifty-two week low of $75.37 and a fifty-two week high of $120.50.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. TFI International’s dividend payout ratio is presently 15.17%.

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

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