$857.27 Million in Sales Expected for TFI International Inc (NYSE:TFII) This Quarter

Analysts forecast that TFI International Inc (NYSE:TFII) will report $857.27 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for TFI International’s earnings, with estimates ranging from $776.74 million to $1.03 billion. The company is scheduled to announce its next earnings report on Tuesday, July 21st.

On average, analysts expect that TFI International will report full year sales of $3.60 billion for the current fiscal year, with estimates ranging from $3.31 billion to $3.98 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.77 billion, with estimates ranging from $3.46 billion to $4.06 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for TFI International.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ 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 recently weighed in on TFII shares. Cowen reduced their target price 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 started coverage on shares of TFI International in a report on Monday, June 8th. They issued an “outperform” rating and a $39.00 target price on the stock. Morgan Stanley began coverage on shares of TFI International in a report on Wednesday, June 10th. They issued an “overweight” rating and a $40.00 target price on the stock. CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. cut their price objective 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. TFI International has a consensus rating of “Buy” and an average target price of $36.50.

Shares of NYSE TFII traded up $0.18 during midday trading 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 company’s fifty day moving average price is $30.38. TFI International has a 1 year low of $15.24 and a 1 year high of $36.65.

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

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.

Recommended Story: Euro STOXX 50 Index

Get a free copy of the Zacks research report on TFI International (TFII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TFI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFI International and related companies with MarketBeat.com's FREE daily email newsletter.