TFI International (NYSE:TFII) Shares Gap Down After Earnings Miss

Shares of TFI International Inc. (NYSE:TFII) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $140.74, but opened at $135.84. TFI International shares last traded at $134.44, with a volume of 219,808 shares traded.

The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 27th. TFI International’s payout ratio is 28.42%.

Analyst Upgrades and Downgrades

TFII has been the subject of a number of analyst reports. CIBC lifted their price target on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus boosted their target price on TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. Bank of America upped their price objective on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TFI International in a report on Monday, January 29th. They set a “buy” rating and a $175.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in TFI International during the first quarter valued at about $42,583,000. CDAM UK Ltd raised its stake in TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after buying an additional 24,730 shares in the last quarter. Argent Capital Management LLC bought a new position in TFI International in the third quarter worth about $2,545,000. AGF Management Ltd. raised its stake in TFI International by 67.5% in the fourth quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after buying an additional 16,573 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of TFI International during the third quarter valued at approximately $1,677,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Down 2.1 %

The stock’s 50 day simple moving average is $151.77 and its two-hundred day simple moving average is $134.12. The firm has a market cap of $11.66 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.45 and a beta of 1.52. 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 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.