Brokerages Expect TFI International Inc (NYSE:TFII) Will Post Earnings of $0.37 Per Share

Equities analysts expect that TFI International Inc (NYSE:TFII) will report earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for TFI International’s earnings, with estimates ranging from $0.28 to $0.51. The business is scheduled to announce its next earnings results on Tuesday, July 21st.

According to Zacks, analysts expect that TFI International will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.50 to $2.44. For the next fiscal year, analysts forecast that the company will report earnings of $2.66 per share, with EPS estimates ranging from $2.28 to $3.03. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TFI International.

TFI International (NYSE:TFII) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The business had revenue of $924.95 million during the quarter, compared to analysts’ expectations of $879.19 million.

Several analysts have recently commented on TFII shares. Cowen dropped their price objective on shares of TFI International from $46.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Credit Suisse Group assumed coverage on shares of TFI International in a report on Monday, June 8th. They set an “outperform” rating and a $39.00 price target on the stock. Morgan Stanley assumed coverage on shares of TFI International in a report on Wednesday, June 10th. They set an “overweight” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of TFI International from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a report on Monday, June 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $36.50.

Shares of TFII stock traded up $0.18 during trading hours on Friday, hitting $33.59. The company’s stock had a trading volume of 123,200 shares, compared to its average volume of 142,658. The stock has a 50 day simple moving average of $30.38. TFI International has a 12-month low of $15.24 and a 12-month high of $36.65.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.189 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Monday, June 29th.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

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