TFI International Inc. (NYSE:TFII – Free Report) – Equities research analysts at Scotiabank lowered their FY2024 earnings per share (EPS) estimates for TFI International in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta now expects that the company will post earnings per share of $4.31 for the year, down from their previous forecast of $6.75. The consensus estimate for TFI International’s current full-year earnings is $6.26 per share. Scotiabank also issued estimates for TFI International’s FY2025 earnings at $5.22 EPS and FY2026 earnings at $6.26 EPS.
TFI International (NYSE:TFII – Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter in the prior year, the company earned $1.57 earnings per share.
Get Our Latest Stock Analysis on TFII
TFI International Stock Down 0.1 %
NYSE:TFII opened at $133.25 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 12-month low of $126.00 and a 12-month high of $162.13. The stock’s fifty day simple moving average is $144.19 and its 200-day simple moving average is $144.30. The firm has a market capitalization of $11.25 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.97 and a beta of 1.58.
TFI International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This is a boost from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 1.35%. TFI International’s payout ratio is presently 32.73%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in shares of TFI International during the 3rd quarter worth approximately $134,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after buying an additional 1,980 shares during the last quarter. Entropy Technologies LP acquired a new position in TFI International during the third quarter worth $643,000. Toronto Dominion Bank lifted its stake in TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after acquiring an additional 16,047 shares during the period. 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.
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