TFI International Inc. (NYSE: TFII) Financial Overview and Analyst Insights

• Analyst Price Target: Matt Summerville from D.A. Davidson set a price target of $80 for TFII, indicating a potential downside from its current trading price.
• Q3 2024 Earnings Miss: TFI International reported earnings of $1.60 per share, missing the Zacks Consensus Estimate of $1.79.
• Financial Performance: Despite a slight miss in earnings, TFI International saw an increase in operating income to $203.3 million and a significant rise in net cash from operating activities to $351.1 million.

TFI International Inc. (NYSE:TFII) is a key player in the North American transportation and logistics industry. The company provides a wide range of services, including truckload, less-than-truckload, and logistics solutions. TFII competes with other major logistics companies, striving to maintain its position in a competitive market.

On October 23, 2024, Matt Summerville from D.A. Davidson set a price target of $80 for TFII. At that time, the stock was trading at $134.91, indicating a significant price difference of approximately -40.70% from the target. This suggests that the market may have a more optimistic view of TFII's future performance compared to the analyst's expectations.

TFI International's recent Q3 2024 earnings call, led by CEO Alain Bedard, attracted attention from major financial institutions like Morgan Stanley and Goldman Sachs. Despite the interest, TFII reported earnings of $1.60 per share, missing the Zacks Consensus Estimate of $1.79. This slight improvement from last year's $1.57 per share did not meet market expectations, as highlighted by Zacks.

The company reported an operating income of $203.3 million, up from $200.6 million in the previous year. This growth was driven by business acquisitions, though it was partially offset by weaker market conditions. Net income for the quarter was $128 million, down from $133.3 million in Q3 2023, but adjusted net income rose slightly to $136.6 million.

TFI International saw a significant increase in net cash from operating activities, reaching $351.1 million, up from $278.7 million in Q3 2023. Free cash flow also improved to $272.5 million, with over $130 million used to repay debt. The Board approved a quarterly dividend of $0.45, a 13% increase, reflecting the company's commitment to returning value to shareholders.