TFI International (NYSE:TFII) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

TFI International (NYSE:TFII) issued its earnings results on Thursday. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15), reports. TFI International had a net margin of 6.44% and a return on equity of 20.39%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.89 billion.

TFI International Stock Down 2.1 %

Shares of NYSE TFII opened at $137.84 on Friday. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52. TFI International has a 52 week low of $100.96 and a 52 week high of $162.13. The firm has a 50-day moving average price of $151.77 and a 200 day moving average price of $134.12. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.66.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. TFI International’s dividend payout ratio (DPR) is presently 28.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group raised their price objective on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Scotiabank raised TFI International from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. BMO Capital Markets raised their target price on shares of TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Morgan Stanley upped their price target on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TFI International in a research note on Monday, January 29th. They issued a “buy” rating and a $175.00 price objective on the stock. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.83.

Institutional Investors Weigh In On TFI International

A number of hedge funds and other institutional investors have recently modified their holdings of TFII. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of TFI International in the 3rd quarter worth about $27,000. UMB Bank n.a. purchased a new stake in shares of TFI International in the first quarter valued at about $136,000. SG Americas Securities LLC acquired a new stake in shares of TFI International in the third quarter valued at approximately $257,000. Clearbridge Investments LLC purchased a new position in shares of TFI International during the 4th quarter worth approximately $287,000. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after purchasing an additional 1,542 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.