TFI International (NYSE:TFII) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

TFI International (NYSE:TFII) issued its quarterly earnings data on Tuesday. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.85 by $0.24, Zacks reports. TFI International had a net margin of 4.06% and a return on equity of 14.20%.

TFI International Stock Up 0.5%

Shares of TFII traded up $0.60 on Tuesday, hitting $120.85. 459,572 shares of the stock traded hands, compared to its average volume of 432,599. The company has a market capitalization of $9.93 billion, a PE ratio of 31.15, a P/E/G ratio of 7.61 and a beta of 1.55. TFI International has a one year low of $72.02 and a one year high of $130.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The business has a 50 day simple moving average of $110.20 and a 200 day simple moving average of $97.46.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Twin Tree Management LP raised its stake in TFI International by 6.5% during the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock worth $1,455,000 after acquiring an additional 1,013 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of TFI International in the third quarter worth $207,000. United Services Automobile Association bought a new stake in shares of TFI International during the 1st quarter valued at $217,000. Marshall Wace LLP purchased a new position in shares of TFI International during the 2nd quarter valued at $294,000. Finally, Russell Investments Group Ltd. boosted its holdings in TFI International by 34.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock worth $2,432,000 after buying an additional 7,150 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TFII has been the subject of several research analyst reports. Scotiabank reiterated a “sector perform” rating on shares of TFI International in a report on Wednesday, January 21st. Citigroup raised their price target on TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of TFI International in a report on Friday, January 9th. Royal Bank Of Canada raised their target price on shares of TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Finally, Susquehanna boosted their price target on shares of TFI International from $105.00 to $123.00 and gave the company a “positive” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.80.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.