TFI International (NYSE:TFII) Shares Gap Down on Disappointing Earnings

TFI International Inc. (NYSE:TFII)’s stock price gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $140.74, but opened at $135.84. TFI International shares last traded at $134.44, with a volume of 219,808 shares traded.

The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.71% and a return on equity of 20.92%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.89 billion.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. TFI International’s payout ratio is 27.54%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TFII shares. BMO Capital Markets boosted their price target on shares of TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Bank of America boosted their target price on shares of TFI International from $154.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Morgan Stanley raised their price target on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. The Goldman Sachs Group upped their price objective on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus increased their price objective on TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $159.83.

Institutional Investors Weigh In On TFI International

Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TFI International during the first quarter worth $42,583,000. CDAM UK Ltd lifted its stake 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 during the period. Argent Capital Management LLC acquired a new stake in shares of TFI International in the 3rd quarter worth $2,545,000. AGF Management Ltd. boosted its holdings in shares of TFI International by 67.5% in the fourth quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock valued at $5,596,000 after acquiring an additional 16,573 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of TFI International during the third quarter worth about $1,677,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Stock Down 2.0 %

The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $11.66 billion, a PE ratio of 23.73, a PEG ratio of 1.44 and a beta of 1.52. The firm’s fifty day moving average is $151.77 and its 200-day moving average is $134.07.

TFI International Company Profile

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.