Cormark Weighs in on TFI International Inc.’s Q1 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for TFI International in a research report issued on Friday, April 19th. Cormark analyst D. Ocampo forecasts that the company will earn $1.36 per share for the quarter. The consensus estimate for TFI International’s current full-year earnings is $7.49 per share. Cormark also issued estimates for TFI International’s FY2025 earnings at $8.94 EPS and FY2026 earnings at $10.22 EPS.

Other analysts have also issued research reports about the company. Scotiabank raised TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. CIBC raised their price target on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a report on Tuesday, April 2nd. Stifel Nicolaus lifted their price objective on TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley raised their target price on TFI International from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TFI International in a research note on Monday, January 29th. They set a “buy” rating and a $175.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.83.

TFI International Stock Up 1.5 %

TFII stock opened at $147.30 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $152.12 and its 200 day moving average is $133.92. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. TFI International has a 1-year low of $100.96 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s revenue was up .6% on a year-over-year basis.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in TFI International in the third quarter worth $27,000. SG Americas Securities LLC purchased a new stake in TFI International in the third quarter worth $257,000. Clearbridge Investments LLC purchased a new stake in TFI International in the fourth quarter worth $287,000. Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% during the 4th 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 in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of TFI International by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock worth $1,324,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.09%. TFI International’s payout ratio is presently 27.54%.

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.