Q3 2024 EPS Estimates for TFI International Inc Cut by National Bank Financial (TSE:TFI)

TFI International Inc (TSE:TFI) – Equities researchers at National Bank Financial dropped their Q3 2024 earnings estimates for shares of TFI International in a note issued to investors on Wednesday, September 25th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $2.51 for the quarter, down from their previous forecast of $2.76. National Bank Financial has a “Hold” rating on the stock. National Bank Financial also issued estimates for TFI International’s FY2025 earnings at $11.56 EPS.

TFI International (TSE:TFI) last released its quarterly earnings data on Thursday, July 25th. The company reported C$2.34 earnings per share for the quarter, topping the consensus estimate of C$2.17 by C$0.17. The firm had revenue of C$3.10 billion for the quarter, compared to the consensus estimate of C$3.14 billion.

Several other research firms have also weighed in on TFI. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Desjardins lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

TFI International Price Performance

TFI International Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.