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

Brokerages expect TFI International Inc (NYSE:TFII) to announce $0.37 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for TFI International’s earnings, with estimates ranging from $0.28 to $0.51. The firm 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 year, with EPS estimates ranging from $1.50 to $2.44. For the next fiscal year, analysts anticipate that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.28 to $3.03. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for 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 research firms recently issued reports on TFII. Cowen decreased their price target 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. Credit Suisse Group initiated coverage on shares of TFI International in a research note on Monday, June 8th. They set an “outperform” rating and a $39.00 target price for the company. Morgan Stanley initiated coverage on shares of TFI International in a research note on Wednesday, June 10th. They set an “overweight” rating and a $40.00 target price for the company. JPMorgan Chase & Co. decreased their target price 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. Finally, CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.50.

TFII stock traded up $0.18 during trading 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 52 week low of $15.24 and a 52 week high of $36.65. The business’s 50 day moving average price is $30.38.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.189 per share. This represents a $0.76 dividend on an annualized basis and a dividend 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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