TFI International (NYSE:TFII) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

TFI International (NYSE:TFII) issued its quarterly earnings data on Monday. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.26, Zacks reports. TFI International had a return on equity of 13.43% and a net margin of 3.79%.The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.23 billion. TFI International updated its Q3 2026 guidance to 1.700-1.800 EPS.

Here are the key takeaways from TFI International’s conference call:

• Second-quarter results beat expectations: adjusted EPS rose 38% year over year to CAD 1.85, while operating income increased nearly 30% and the operating margin expanded to 11.6%.
• Truckload performance improved sharply, with revenue per truck up 13%, brokerage revenue up 34%, and operating income up 50%; the segment’s adjusted operating ratio improved to 86.1% as capacity tightened and equipment was right-sized.
• Management projects third-quarter adjusted EPS of CAD 1.70–CAD 1.80, including year-over-year operating-ratio improvements of 500–600 basis points in truckload and 250–350 basis points in logistics.
• LTL remains the key weakness: shipment volume rose 7.5%, but revenue per shipment fell 2% due to underpriced 3PL “blanket” business and higher overtime and third-party-carrier costs. TFI expects to raise prices and reduce some volume, but is guiding to roughly flat year-over-year LTL margins in the third quarter.
• TFI generated more than CAD 200 million of free cash flow and reduced funded debt to EBITDA to 2.4, supporting dividends and potential acquisitions; however, a nonrecurring CAD 10.5 million accident-reserve increase affected the quarter, while full-year net CapEx remains planned at CAD 225–250 million.

TFI International Price Performance

Shares of NYSE:TFII opened at $146.01 on Tuesday. TFI International has a one year low of $80.63 and a one year high of $167.69. The stock has a fifty day moving average of $149.92 and a 200-day moving average of $129.70. The company has a market capitalization of $12.00 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.07.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 1.3%. TFI International’s dividend payout ratio is currently 52.37%.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on TFI International from $145.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of TFI International in a research note on Wednesday, June 24th. Wall Street Zen raised TFI International from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Bank of America restated a “buy” rating on shares of TFI International in a research note on Tuesday. Finally, UBS Group upped their price objective on shares of TFI International from $110.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.20.

Key Headlines Impacting TFI International

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

• Positive Sentiment: TFI International reported second-quarter adjusted earnings of $1.85 per share, up from $1.34 a year earlier and above the $1.59 analyst consensus. Revenue reached $2.29 billion, also exceeding the $2.23 billion estimate. Net income increased to approximately $136.2 million from $98.2 million. TFI International Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management’s third-quarter 2026 EPS guidance of $1.70-$1.80 is above the $1.60 consensus estimate, signaling expectations for continued earnings momentum. TFI International Announces 2026 Second Quarter Results
• Neutral Sentiment: Quarterly results were mixed by segment: the truckload business was described as a standout, while less-than-truckload operations did not keep pace. This may temper enthusiasm over the headline earnings beat. TFI First Look: Truckload Shines, LTL Doesn’t Keep Up
• Negative Sentiment: Valuation concerns may be pressuring the stock. A GuruFocus estimate placed fair value at $131.72, below the reported share price of $145.87, while TFI trades at a relatively elevated forward-looking valuation following a strong run toward its 52-week high. TFI International After Decline: GF Value Versus Price

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently modified their holdings of TFII. BNP Paribas Financial Markets lifted its holdings in shares of TFI International by 104.0% during the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after purchasing an additional 64,108 shares during the last quarter. Russell Investments Group Ltd. increased its stake in TFI International by 34.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock worth $2,432,000 after purchasing an additional 7,150 shares in the last quarter. Twin Tree Management LP increased its stake in TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock worth $1,455,000 after purchasing an additional 1,013 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in TFI International during the 4th quarter worth about $782,000. Finally, Marshall Wace LLP acquired a new stake in TFI International during the 2nd quarter worth about $294,000. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.