TFI International (TSE:TFII) Posts Quarterly Earnings Results

TFI International (TSE:TFII) released its quarterly earnings results on Thursday. The company reported C$2.38 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$3.18 billion for the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%.

TFI International Stock Performance

Shares of TFII opened at C$130.05 on Friday. The stock has a market capitalization of C$10.69 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.01 and a beta of 1.96. The company has a debt-to-equity ratio of 111.46, a quick ratio of 1.18 and a current ratio of 1.09. TFI International has a 1 year low of C$113.72 and a 1 year high of C$233.85. The company’s fifty day moving average is C$171.49 and its two-hundred day moving average is C$179.62.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. TFI International’s payout ratio is currently 45.70%.

Insider Buying and Selling at TFI International

In other news, Director Rosemary Turner bought 3,643 shares of TFI International stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of C$197.58 per share, for a total transaction of C$719,783.94. Following the purchase, the director owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. The trade was a 1,206.29% increase in their ownership of the stock. Also, Director Keith Hall sold 1,069 shares of TFI International stock in a transaction dated Monday, August 17th. The shares were sold at an average price of C$205.95, for a total transaction of C$220,160.55. 5.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank dropped their price target on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 15th. Desjardins boosted their price objective on shares of TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, National Bank Financial lowered their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$179.40.

TFI International Company Profile

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.