TFI International (NYSE:TFII) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

TFI International (NYSE:TFII) announced its quarterly earnings results on Monday. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19), Zacks reports. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.57 earnings per share.

TFI International Price Performance

Shares of NYSE:TFII traded down $4.20 on Wednesday, hitting $131.69. The company had a trading volume of 555,290 shares, compared to its average volume of 264,395. The company has a market cap of $11.14 billion, a PE ratio of 23.62, a PEG ratio of 1.51 and a beta of 1.55. The business has a 50 day moving average of $142.63 and a 200 day moving average of $142.96. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 1.37%. TFI International’s dividend payout ratio (DPR) is presently 28.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TFII shares. Stephens restated an “equal weight” rating and set a $149.00 price target (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. TD Cowen lowered 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 report on Wednesday. Desjardins reduced their price target on shares of TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, National Bankshares dropped their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

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.