TFI International Inc (NYSE:TFII) Expected to Post Quarterly Sales of $857.27 Million

Equities analysts forecast that TFI International Inc (NYSE:TFII) will post $857.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for TFI International’s earnings, with the highest sales estimate coming in at $1.03 billion and the lowest estimate coming in at $776.74 million. The business is expected to issue its next quarterly earnings results 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 year, analysts anticipate that the business will report 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 research firms that cover TFI International.

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

Several research analysts recently issued reports on TFII shares. Credit Suisse Group started coverage on shares of TFI International in a research report on Monday, June 8th. They issued an “outperform” rating and a $39.00 target price for the company. 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 target for the company. Cowen lowered 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. CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. lowered their price target 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.50.

NYSE:TFII traded up $0.18 during midday trading on Friday, hitting $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 stock has a fifty day simple moving average of $30.38.

The business 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 $0.189 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend 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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