National Bank Financial Comments on TFI International Inc.’s Q1 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Equities researchers at National Bank Financial cut their Q1 2024 earnings estimates for TFI International in a report issued on Tuesday, March 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.34 per share for the quarter, down from their previous estimate of $1.42. The consensus estimate for TFI International’s current full-year earnings is $7.57 per share. National Bank Financial also issued estimates for TFI International’s FY2024 earnings at $7.52 EPS.

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

TFII has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Bank of America raised their price target on shares of TFI International from $127.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TFI International in a research note on Monday, January 29th. They set a “buy” rating and a $175.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of TFI International from $133.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Finally, BMO Capital Markets raised their price target on shares of TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.28.

TFI International Trading Up 0.1 %

TFII opened at $159.02 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.23. TFI International has a fifty-two week low of $100.96 and a fifty-two week high of $161.98. The firm has a market capitalization of $13.44 billion, a PE ratio of 27.37, a P/E/G ratio of 4.22 and a beta of 1.52. The company’s 50-day moving average is $144.85 and its 200 day moving average is $130.42.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 27th. TFI International’s payout ratio is presently 27.54%.

Institutional Investors Weigh In On TFI International

A number of large investors have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC acquired a new position in shares of TFI International during the 3rd quarter worth about $27,000. Parallel Advisors LLC raised its position in shares of TFI International by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock worth $1,445,000 after purchasing an additional 278 shares during the last quarter. United Capital Financial Advisers LLC raised its position in shares of TFI International by 4.1% during the 2nd quarter. United Capital Financial Advisers LLC now owns 7,738 shares of the company’s stock worth $882,000 after purchasing an additional 303 shares during the last quarter. Van ECK Associates Corp raised 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 purchasing an additional 343 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of TFI International during the 2nd quarter worth about $54,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Company Profile

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.