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

TFI International Inc. (NYSE:TFII) gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. 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.

The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.92% and a net margin of 6.71%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.89 billion.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. TFI International’s dividend payout ratio (DPR) is 27.54%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft started coverage on TFI International in a research report on Monday, January 29th. They issued a “buy” rating and a $175.00 price target for the company. Stifel Nicolaus lifted their target price on TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $155.00 price target on shares of TFI International in a research note on Monday, February 12th. BMO Capital Markets lifted their price objective on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, The Goldman Sachs Group lifted their price target on shares of TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.83.

Hedge Funds Weigh In On TFI International

A number of large investors have recently made changes to their positions in TFII. Cary Street Partners Investment Advisory LLC bought a new stake in TFI International in the third quarter worth about $27,000. Parallel Advisors LLC raised its holdings in shares of TFI International by 2.7% in the fourth quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock worth $1,445,000 after buying an additional 278 shares during the period. Van ECK Associates Corp lifted its stake 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 acquiring an additional 343 shares during the last quarter. Argent Capital Management LLC boosted its holdings in TFI International by 2.5% during the 4th 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 during the period. Finally, UMB Bank n.a. purchased a new position in TFI International during the 1st quarter valued at $136,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Stock Down 2.0 %

The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $151.77 and a 200 day simple moving average of $134.07. The company has a market cap of $11.66 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.44 and a beta of 1.52.

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.