These Analysts Slash Their Forecasts On TFI International Following Downbeat Q3 Results

After the closing bell on Monday, TFI International (NYSE:TFII) reported weaker-than-expected earnings for the third quarter.

The company posted quarterly earnings of $1.60 per share which missed the analyst consensus estimate of $1.78 per share. The company reported quarterly sales of $2.18 billion which missed the analyst consensus estimate of $2.25 billion.

TFI International raised its quarterly dividend by 13% from 49 cents to 45 cents per share.

“Despite soft market conditions, TFI International performed well during quarter, generating more than $350 million of net cash from operating activities and over $270 million of free cash flow, up 26% and 37%, respectively, over the year-ago period,” said Alain Bédard, Chairman, President and Chief Executive Officer. “While business conditions ...