TFI International (TSE:TFII) Announces Earnings Results

TFI International (TSE:TFIIGet Free Report) announced its earnings results on Monday. The company reported C$2.63 earnings per share (EPS) for the quarter, FiscalAI reports. TFI International had a net margin of 3.79% and a return on equity of 11.18%. The firm had revenue of C$3.25 billion for the quarter.

TFI International Stock Up 1.5%

Shares of TSE TFII opened at C$209.00 on Wednesday. TFI International has a 52-week low of C$113.72 and a 52-week high of C$233.85. The company’s 50 day moving average price is C$210.74 and its 200-day moving average price is C$180.03. The company has a market capitalization of C$17.18 billion, a P/E ratio of 58.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. The company has a debt-to-equity ratio of 119.57, a quick ratio of 1.18 and a current ratio of 1.07.

Insider Activity at TFI International

In other news, insider David Joseph Saperstein sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$218.75, for a total value of C$875,000.00. Following the completion of the sale, the insider directly owned 31,811 shares of the company’s stock, valued at C$6,958,656.25. This represents a 11.17% decrease in their ownership of the stock. Also, Director Alain Bédard sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$231.93, for a total value of C$1,159,650.00. Following the transaction, the director owned 145,000 shares in the company, valued at approximately C$33,629,850. This trade represents a 3.33% decrease in their ownership of the stock. Insiders have sold 70,193 shares of company stock valued at $15,213,043 in the last ninety days. 5.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TFII shares. Scotiabank raised TFI International from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from C$200.00 to C$260.00 in a research report on Thursday, July 16th. Citigroup boosted their target price on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Desjardins boosted their price objective on shares of TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, National Bank Financial decreased their target price on TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$184.40.

View Our Latest Report on TFII

TFI International Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for TFI International (TSE:TFII)

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