Desjardins Predicts Reduced Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Stock analysts at Desjardins decreased their FY2024 earnings per share estimates for shares of TFI International in a note issued to investors on Tuesday, October 22nd. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $6.19 for the year, down from their prior estimate of $6.37. Desjardins currently has a “Hold” rating and a $204.00 price target on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.64 EPS and FY2026 earnings at $9.21 EPS.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the business posted $1.57 earnings per share.

A number of other brokerages have also recently commented on TFII. TD Cowen decreased their price target on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. National Bankshares decreased their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Citigroup decreased their price target on TFI International from $159.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TD Securities decreased their price target on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.94.

TFI International Price Performance

Shares of TFI International stock opened at $131.69 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The business’s 50 day simple moving average is $142.63 and its two-hundred day simple moving average is $142.96. The stock has a market capitalization of $11.15 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. TFI International has a one year low of $104.91 and a one year high of $162.13.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. TFI International’s payout ratio is currently 29.09%.

Institutional Investors Weigh In On TFI International

Several hedge funds have recently made changes to their positions in the company. iA Global Asset Management Inc. bought a new stake in TFI International in the second quarter worth $240,000. Industrial Alliance Investment Management Inc. boosted its holdings in TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after acquiring an additional 80 shares in the last quarter. Hillsdale Investment Management Inc. boosted 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 worth $726,000 after acquiring an additional 4,200 shares in the last quarter. Summit Global Investments boosted its holdings in TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after acquiring an additional 3,012 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in TFI International by 6.9% in the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after acquiring an additional 743 shares in the last quarter. 73.30% of the stock is currently 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.