Q3 2024 Earnings Estimate for TFI International Inc. Issued By Desjardins (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Stock analysts at Desjardins lowered their Q3 2024 EPS estimates for shares of TFI International in a report issued on Monday, September 30th. Desjardins analyst B. Poirier now forecasts that the company will earn $1.65 per share for the quarter, down from their previous estimate of $1.88. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.77 EPS, FY2025 earnings at $8.27 EPS and FY2026 earnings at $9.81 EPS.

TFII has been the subject of several other reports. TD Cowen boosted their target price on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Stifel Nicolaus upped their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America lifted their target price on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.33.

TFI International Trading Down 0.7 %

Shares of NYSE:TFII opened at $136.90 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.58 billion, a PE ratio of 24.32, a P/E/G ratio of 1.44 and a beta of 1.55. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The firm has a fifty day moving average price of $146.76 and a 200 day moving average price of $145.33.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm posted $1.59 EPS. The business’s revenue was up 26.4% compared to the same quarter last year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, September 30th. TFI International’s payout ratio is presently 28.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TFII. UMB Bank n.a. bought a new stake in shares of TFI International during the first quarter worth $136,000. iA Global Asset Management Inc. bought a new position in shares of TFI International in the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. grew its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after buying an additional 80 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in shares of TFI International by 67.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after buying an additional 1,542 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the period. 73.30% of the stock is owned by institutional investors.

About TFI International

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.