TFI International Inc. (NYSE:TFII) to Post Q2 2023 Earnings of $1.61 Per Share, Desjardins Forecasts

Posted by on Jun 24th, 2023

TFI International Inc. (NYSE:TFII – Get Rating) – Research analysts at Desjardins lowered their Q2 2023 earnings per share (EPS) estimates for shares of TFI International in a note issued to investors on Wednesday, June 21st. Desjardins analyst B. Poirier now expects that the company will earn $1.61 per share for the quarter, down from their previous forecast of $1.94. The consensus estimate for TFI International’s current full-year earnings is $7.02 per share.

A number of other brokerages also recently commented on TFII. Credit Suisse Group reduced their price objective on TFI International from $137.00 to $121.00 in a research report on Friday, April 28th. UBS Group upgraded TFI International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $113.00 to $143.00 in a research report on Thursday, June 1st. 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of TFI International in a research report on Thursday, April 27th. Susquehanna raised TFI International from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $138.00 to $135.00 in a report on Monday, April 10th. Finally, TheStreet raised TFI International from a “c” rating to a “b-” rating in a report on Friday, April 28th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.81.

TFI International Price Performance

Shares of TFII stock opened at $105.65 on Friday. The stock has a 50 day moving average of $108.43 and a two-hundred day moving average of $111.63. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. TFI International has a 12 month low of $75.83 and a 12 month high of $128.93. The company has a market capitalization of $9.07 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.88 and a beta of 1.54.

TFI International (NYSE:TFII – Get Rating) last announced its earnings results on Tuesday, April 25th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.13). TFI International had a net margin of 9.30% and a return on equity of 28.48%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company earned $1.68 EPS. TFI International’s revenue for the quarter was down 15.6% compared to the same quarter last year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.609 dividend. This is a positive change from TFI International’s previous quarterly dividend of $0.35. This represents a $2.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, June 29th. TFI International’s dividend payout ratio (DPR) is currently 16.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hood River Capital Management LLC boosted its position in shares of TFI International by 4.4% in the 1st quarter. Hood River Capital Management LLC now owns 571,958 shares of the company’s stock worth $68,229,000 after purchasing an additional 23,971 shares during the last quarter. CDAM UK Ltd bought a new position in shares of TFI International in the 3rd quarter worth $44,298,000. JPMorgan Chase & Co. boosted its position in shares of TFI International by 0.3% in the 4th quarter. JPMorgan Chase & Co. now owns 313,511 shares of the company’s stock worth $31,426,000 after purchasing an additional 868 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of TFI International by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 253,106 shares of the company’s stock worth $30,240,000 after purchasing an additional 5,924 shares during the last quarter. Finally, Amundi lifted its holdings in TFI International by 6.1% during the fourth quarter. Amundi now owns 161,222 shares of the company’s stock worth $17,286,000 after acquiring an additional 9,262 shares in the last quarter. 61.25% of the stock is currently owned by institutional investors.

About TFI International

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TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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Earnings History and Estimates for TFI International (NYSE:TFII)

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