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

TFI International Inc. (NYSE:TFII) – Equities research analysts at Cormark issued their Q1 2024 EPS estimates for shares of TFI International in a report issued on Friday, April 19th. Cormark analyst D. Ocampo expects that the company will post earnings per share of $1.36 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.

A number of other equities analysts have also weighed in on TFII. Stifel Nicolaus lifted their price target on shares of TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TFI International in a research report on Monday, January 29th. They issued a “buy” rating and a $175.00 price objective for the company. The Goldman Sachs Group lifted their target price on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley increased their price target on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. Four equities research 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, TFI International currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.83.

TFI International Stock Up 1.5 %

Shares of NYSE TFII opened at $145.15 on Monday. The firm has a market cap of $12.27 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. TFI International has a 1 year low of $100.96 and a 1 year high of $162.13. The firm’s 50 day moving average price is $151.99 and its 200 day moving average price is $133.76.

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

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, March 27th. TFI International’s dividend payout ratio (DPR) is 27.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TFII. Sumitomo Mitsui Trust Holdings Inc. grew its position in TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after buying an additional 2,914 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of TFI International in the first quarter valued at approximately $42,583,000. Argent Capital Management LLC boosted its holdings in shares of TFI International by 2.5% in the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after acquiring an additional 494 shares in the last quarter. CDAM UK Ltd raised its holdings in TFI International by 6.9% during the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after purchasing an additional 24,730 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in 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 purchasing an additional 1,542 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.