Zacks: Analysts Expect TFI International Inc (NYSE:TFII) Will Announce Quarterly Sales of $857.27 Million

Equities analysts predict that TFI International Inc (NYSE:TFII) will post sales of $857.27 million for the current quarter, Zacks Investment Research 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 company is scheduled to report its next quarterly earnings results 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 expect that the business will post sales of $3.77 billion, with estimates ranging from $3.46 billion to $4.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover TFI International.

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

A number of brokerages have weighed in on TFII. CIBC upgraded shares of TFI International from an “underperform” rating to a “neutral” rating in a report on Monday, June 15th. Credit Suisse Group assumed coverage on shares of TFI International in a report on Monday, June 8th. They issued an “outperform” rating and a $39.00 price objective 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. Cowen cut their price target 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. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $36.50.

TFII traded up $0.18 during midday trading on Friday, reaching $33.59. The company’s stock had a trading volume of 123,200 shares, compared to its average volume of 142,658. TFI International has a 1 year low of $15.24 and a 1 year high of $36.65. The company’s 50-day simple moving average is $30.38.

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