TFI International Inc to Post FY2024 Earnings of $9.42 Per Share, Cormark Forecasts (TSE:TFI)

TFI International Inc (TSE:TFI) – Analysts at Cormark lifted their FY2024 earnings estimates for shares of TFI International in a research note issued to investors on Monday, July 29th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $9.42 for the year, up from their previous estimate of $9.21. Cormark has a “Moderate Buy” rating on the stock. Cormark also issued estimates for TFI International’s FY2025 earnings at $12.25 EPS and FY2026 earnings at $13.62 EPS.

Several other research analysts also recently commented on TFI. Desjardins downgraded shares of TFI International from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th.

TFI International Price Performance

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.551 dividend. This represents a $2.20 annualized dividend and a yield of ∞. This is an increase from TFI International’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, June 28th.