Scotiabank Expects Reduced Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Equities research analysts at Scotiabank dropped their FY2024 earnings per share estimates for TFI International in a research note issued on Wednesday, January 8th. Scotiabank analyst K. Gupta now forecasts 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) last released its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $1.57 EPS.

A number of other research firms have also recently weighed in on TFII. Citigroup increased their price target on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stephens restated an “equal weight” rating and set a $149.00 price target (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. CIBC increased their price target on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research report on Wednesday, December 4th. TD Cowen cut their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their price objective on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of $169.19.

TFI International Price Performance

TFII stock opened at $135.42 on Monday. TFI International has a 1 year low of $126.00 and a 1 year high of $162.13. The firm has a market capitalization of $11.43 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.97 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The business has a 50 day simple moving average of $144.19 and a 200-day simple moving average of $144.23.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is presently 32.73%.

Institutional Trading of TFI International

Institutional investors have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new stake in shares of TFI International in the 3rd quarter valued at about $134,000. Entropy Technologies LP purchased a new position in TFI International during the 3rd quarter worth approximately $643,000. Public Employees Retirement System of Ohio acquired a new position in TFI International during the third quarter worth approximately $2,373,000. Quantbot Technologies LP lifted its stake in TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after acquiring an additional 31,260 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

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.