TSE:TFI FY2024 EPS Decreased by National Bank Financial

TFI International Inc (TSE:TFI) – Research analysts at National Bank Financial dropped their FY2024 EPS estimates for TFI International in a report issued on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $8.51 per share for the year, down from their previous estimate of $8.92. National Bank Financial has a “Hold” rating on the stock.

TFI International (TSE:TFI) last announced its earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.17 by C$0.17. The company had revenue of C$3.10 billion during the quarter, compared to analysts’ expectations of C$3.14 billion.

Several other analysts have also issued reports on TFI. Desjardins lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Citigroup raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy”.

TFI International Price Performance

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.609 dividend. This represents a $2.44 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.54.