TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings

Shares of TFI International Inc. (NYSE:TFII) gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $112.54, but opened at $100.00. TFI International shares last traded at $98.11, with a volume of 147,222 shares traded.

The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 14.87% and a net margin of 4.14%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion.

More TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: TFI reported Q3 revenue of approximately $2.23 billion, in line with analyst expectations, while net income increased to $105.7 million from $84.7 million a year earlier. Adjusted earnings and revenue also rose year over year. TFI International Reports Higher Q3 Adjusted Earnings And Revenue
• Positive Sentiment: The company approved its quarterly dividend, payable January 15, 2027, reinforcing shareholder returns and signaling continued confidence in cash generation. TFI International Approves Quarterly Dividend
• Neutral Sentiment: TFI rescheduled its Q3 results webcast to October 30 at 9:30 a.m. Eastern time, one hour later than initially planned. The timing change does not alter the reported results but may provide additional management commentary for investors. TFI International Adjusts Timing of 2026 Third Quarter Webcast
• Negative Sentiment: Reported Q3 earnings of $1.67 per share missed the $1.75 consensus estimate by $0.08, despite rising from $1.20 a year ago. The miss may weigh more heavily than the year-over-year improvement. TFI International Q3 Earnings Miss Estimates
• Negative Sentiment: Truckload operations reportedly performed strongly, but the operating ratio in the less-than-truckload segment deteriorated, raising concerns about profitability and execution in a key business. First Look: TFI Truckload Sparkles, but OR at LTL Slips
• Negative Sentiment: Scotiabank analysts reduced their earnings estimates for TFII, adding further pressure to the near-term outlook following the quarterly report. Scotiabank Cuts Earnings Estimates for TFII

Analyst Ratings Changes

Several research analysts have weighed in on TFII shares. UBS Group lifted their target price on TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. TD boosted their price target on shares of TFI International from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reduced their price objective on shares of TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Scotia boosted their target price on TFI International from $260.00 to $263.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 28th. Finally, Bank of America lifted their price target on TFI International from $178.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, TFI International has an average rating of “Moderate Buy” and an average price target of $167.94.

Institutional Trading of TFI International

Institutional investors have recently added to or reduced their stakes in the business. Caisse de depot et placement du Quebec acquired a new stake in TFI International during the 2nd quarter valued at $910,995,000. Jupiter Topco LLC bought a new stake in shares of TFI International in the 2nd quarter worth approximately $515,259,000. The Manufacturers Life Insurance Company bought a new position in TFI International in the 2nd quarter worth about $189,264,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in TFI International during the 2nd quarter valued at about $136,656,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of TFI International in the 2nd quarter worth approximately $61,329,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Stock Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. The firm’s fifty day simple moving average is $123.21 and its 200 day simple moving average is $129.36. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.70 and a beta of 1.63.

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.