TFI International (NYSE:TFII) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

TFI International (NYSE:TFII) issued its quarterly earnings results on Thursday. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08), Zacks reports. TFI International had a return on equity of 14.87% and a net margin of 4.14%.

TFI International Price Performance

Shares of TFI International stock traded up $0.20 during trading on Thursday, hitting $112.31. 446,448 shares of the company were exchanged, compared to its average volume of 366,573. TFI International has a fifty-two week low of $80.63 and a fifty-two week high of $167.69. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $123.74 and a 200 day moving average price of $129.35. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 0.70 and a beta of 1.63.

Analyst Ratings Changes

TFII has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of TFI International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. decreased their price target on TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Stifel Nicolaus lowered their price objective on TFI International from $160.00 to $132.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Citigroup reiterated a “cautious” rating on shares of TFI International in a report on Wednesday, October 7th. Finally, Bank of America raised their target price on TFI International from $178.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.