TFI International (TSE:TFII) Announces Quarterly Earnings Results

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

TFI International Trading Down 3.1%

Shares of TFI International stock opened at C$205.82 on Tuesday. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18. The stock’s 50 day simple moving average is C$210.43 and its 200-day simple moving average is C$179.60. The stock has a market cap of C$16.92 billion, a P/E ratio of 57.33, a P/E/G ratio of 1.01 and a beta of 1.77. TFI International has a 1-year low of C$113.72 and a 1-year high of C$233.85.

Analyst Ratings Changes

TFII has been the topic of a number of recent research reports. Desjardins upped their target price on TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from C$200.00 to C$260.00 in a research report on Thursday, July 16th. Citigroup lifted their price target on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, National Bank Financial dropped their target price on shares of 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 investment 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$179.60.

Insider Buying and Selling at TFI International

In other news, insider David Joseph Saperstein sold 4,000 shares of TFI International stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the transaction, the insider owned 31,811 shares in the company, valued at C$6,958,656.25. The trade was a 11.17% decrease in their position. Also, Director Alain Bédard sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$231.93, for a total transaction of C$1,159,650.00. Following the transaction, the director directly owned 145,000 shares in the company, valued at approximately C$33,629,850. The trade was a 3.33% decrease in their position. Over the last 90 days, insiders sold 70,193 shares of company stock valued at $15,213,043. 5.97% of the stock is owned by company insiders.

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.