Brokers Issue Forecasts for TFI International Inc.’s FY2023 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Equities research analysts at National Bank Financial lifted their FY2023 earnings estimates for TFI International in a research note issued on Tuesday, September 5th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $6.68 per share for the year, up from their previous forecast of $6.47. 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.

TFII has been the topic of several other reports. BMO Capital Markets raised their target price on shares of TFI International from $125.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, August 2nd. Credit Suisse Group raised their target price on shares of TFI International from $121.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. CIBC raised their target price on shares of TFI International from $139.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Stephens reiterated an “overweight” rating and set a $145.00 price target on shares of TFI International in a research report on Tuesday, August 1st. Finally, TD Cowen increased their price target on shares of TFI International from $158.00 to $163.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.84.

TFI International Stock Down 1.7 %

Shares of TFII opened at $131.61 on Friday. TFI International has a 12 month low of $85.86 and a 12 month high of $138.16. The firm’s 50 day moving average is $125.59 and its 200-day moving average is $117.47. The stock has a market capitalization of $11.29 billion, a PE ratio of 18.28, a P/E/G ratio of 2.42 and a beta of 1.52. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

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

TFI International Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, September 28th. TFI International’s payout ratio is currently 19.44%.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently bought and sold shares of TFII. Steamboat Capital Partners LLC bought a new position in TFI International during the first quarter worth $11,926,000. Marshall Wace LLP bought a new stake in TFI International in the fourth quarter valued at $5,941,000. QV Investors Inc. increased its stake in TFI International by 14.0% in the second quarter. QV Investors Inc. now owns 382,088 shares of the company’s stock valued at $43,581,000 after purchasing an additional 47,058 shares in the last quarter. JPMorgan Chase & Co. increased its stake in TFI International by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 355,237 shares of the company’s stock valued at $40,483,000 after purchasing an additional 37,443 shares in the last quarter. Finally, Leuthold Group LLC bought a new stake in TFI International in the second quarter valued at $3,270,000. Institutional investors own 60.32% of the company’s stock.

TFI International Company Profile

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.