TFI International Inc (NYSE:TFII) Expected to Announce Quarterly Sales of $857.27 Million

Equities research analysts expect that TFI International Inc (NYSE:TFII) will announce sales of $857.27 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for TFI International’s earnings, with the lowest sales estimate coming in at $776.74 million and the highest estimate coming in at $1.03 billion. The business is expected to report its next quarterly earnings report on Tuesday, July 21st.

According to Zacks, analysts expect that TFI International will report full year sales of $3.60 billion for the current financial year, with estimates ranging from $3.31 billion to $3.98 billion. For the next financial year, analysts forecast that the business will report sales of $3.77 billion, with estimates ranging from $3.46 billion to $4.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TFI International.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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.

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

Shares of TFII traded up $0.18 during midday trading on Friday, reaching $33.59. 123,200 shares of the stock were exchanged, compared to its average volume of 142,658. TFI International has a 12-month low of $15.24 and a 12-month high of $36.65. The business has a 50 day simple moving average of $30.38.

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

About TFI International

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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