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

Wall Street analysts expect that TFI International Inc (NYSE:TFII) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for TFI International’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.51. The company 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 financial year, with EPS estimates ranging from $1.50 to $2.44. For the next financial year, analysts expect that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.28 to $3.03. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover TFI International.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 equities analysts have 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 for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of TFI International from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Credit Suisse Group started coverage on shares of TFI International in a research note on Monday, June 8th. They issued an “outperform” rating and a $39.00 price objective for the company. CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a research note on Monday, June 15th. Finally, Morgan Stanley started coverage on shares of TFI International in a research note on Wednesday, June 10th. They issued an “overweight” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.50.

NYSE TFII traded up $0.18 on Friday, reaching $33.59. The company had a trading volume of 123,200 shares, 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 stock’s 50 day moving average is $30.38.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.189 per share. The ex-dividend date 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.

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