TFI International (NYSE:TFII) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

TFI International (NYSE:TFII) posted its quarterly earnings results on Thursday. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.10, Briefing.com reports. TFI International had a return on equity of 20.54% and a net margin of 5.93%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.59 EPS. TFI International’s revenue for the quarter was up 26.4% compared to the same quarter last year.

TFI International Stock Down 1.4 %

Shares of NYSE:TFII opened at $153.78 on Monday. The stock has a fifty day simple moving average of $142.49 and a two-hundred day simple moving average of $143.80. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.65 and a beta of 1.56. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, June 28th. TFI International’s payout ratio is 28.60%.

Analysts Set New Price Targets

TFII has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada cut their price objective on TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Bank of America lifted their price objective on TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, CIBC cut their price objective on TFI International from $172.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, TFI International has a consensus rating of “Moderate Buy” and an average price target of $161.47.

About TFI International

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.