National Bank Financial Analysts Increase Earnings Estimates for TFI International Inc. (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Stock analysts at National Bank Financial boosted their Q3 2023 earnings per share (EPS) estimates for shares of TFI International in a note issued to investors on Tuesday, September 5th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.80 per share for the quarter, up from their previous forecast of $1.68. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.40 per share. National Bank Financial also issued estimates for TFI International’s FY2024 earnings at $9.01 EPS.

A number of other research analysts also recently commented on TFII. BMO Capital Markets increased their price objective on TFI International from $125.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, August 2nd. JPMorgan Chase & Co. increased their price objective on TFI International from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Royal Bank of Canada lifted their price target on TFI International from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Scotiabank lifted their price target on TFI International from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, National Bankshares lowered TFI International from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $165.00 to $183.00 in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and an average price target of $155.84.

TFI International Price Performance

Shares of NYSE TFII opened at $133.99 on Thursday. The stock’s 50-day moving average is $125.22 and its two-hundred day moving average is $117.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.38. TFI International has a 1-year low of $85.86 and a 1-year high of $138.16. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.49 and a beta of 1.52.

TFI International (NYSE:TFII) last posted its earnings results on Monday, July 31st. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.12). TFI International had a return on equity of 23.85% and a net margin of 8.15%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $2.61 EPS. TFI International’s revenue was down 26.0% on a year-over-year basis.

TFI International Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, September 28th. TFI International’s payout ratio is currently 19.44%.

Hedge Funds Weigh In On TFI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steamboat Capital Partners LLC acquired a new position in shares of TFI International in the 1st quarter worth $11,926,000. Marshall Wace LLP acquired a new stake in shares of TFI International in the fourth quarter worth $5,941,000. QV Investors Inc. boosted its position in shares of TFI International by 14.0% in the second quarter. QV Investors Inc. now owns 382,088 shares of the company’s stock worth $43,581,000 after buying an additional 47,058 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TFI International by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 355,237 shares of the company’s stock worth $40,483,000 after buying an additional 37,443 shares during the period. Finally, Leuthold Group LLC acquired a new stake in shares of TFI International in the second quarter worth $3,270,000. 60.32% of the stock is owned by institutional investors.

About TFI International

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.