FY2024 EPS Forecast for TFI International Lowered by Analyst

TFI International Inc (TSE:TFI) – Investment analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for shares of TFI International in a research report issued on Wednesday, October 23rd. Cormark analyst D. Ocampo now anticipates that the company will earn $8.57 per share for the year, down from their previous forecast of $8.80. Cormark has a “Moderate Buy” rating on the stock. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $2.29 EPS, Q1 2025 earnings at $2.28 EPS, Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $2.88 EPS, Q4 2025 earnings at $2.90 EPS and FY2025 earnings at $11.00 EPS.

TFI International (TSE:TFI) last announced its quarterly earnings data on Thursday, July 25th. The company reported C$2.34 EPS for the quarter, beating the consensus estimate of C$2.17 by C$0.17. The company had revenue of C$3.10 billion during the quarter, compared to analysts’ expectations of C$3.14 billion.

Several other equities research analysts also recently commented on TFI. Desjardins downgraded shares of TFI International from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup raised TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Stephens lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. Wolfe Research upgraded TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, TFI International has an average rating of “Moderate Buy”.

TFI International Price Performance

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.609 per share. This is an increase from TFI International’s previous quarterly dividend of $0.54. This represents a $2.44 annualized dividend and a yield of ∞. The ex-dividend date is Tuesday, December 31st.