These Analysts Slash Their Forecasts On TFI International Following Downbeat Q3 Results
These Analysts Slash Their Forecasts On TFI International Following Downbeat Q3 Results
"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 for US LTL are challenging, our Logistics segment performed very well, and both our Truckload and Canadian LTL operations have remained solid. We were also able to reduce debt during the quarter, reducing our leverage ratio. In the current freight environment, our talented team remains focused on operational enhancements and tapping into the potential of recent acquisitions, while our overarching focus on free cash flow allows us to opportunistically invest during weaker cycles and return significant capital to shareholders while maintaining a strong balance sheet."After the closing bell on Monday, TFI International (NYSE:TFII) reported weaker-than-expected earnings for the third quarter.
周一收盘后，tfi international（纽交所：TFII）报告第三季度的收益低于预期。
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.
公司每股季度盈利为1.60美元，低于分析师一致预期的1.78美元。公司报告季度销售额为21.8亿美元，低于分析师一致预期的22.5亿美元。
TFI International raised its quarterly dividend by 13% from 49 cents to 45 cents per share.
tfi international将季度股息从49美分提高了13%，至45美分每股。
"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 for US LTL are challenging, our Logistics segment performed very well, and both our Truckload and Canadian LTL operations have remained solid. We were also able to reduce debt during the quarter, reducing our leverage ratio. In the current freight environment, our talented team remains focused on operational enhancements and tapping into the potential of recent acquisitions, while our overarching focus on free cash flow allows us to opportunistically invest during weaker cycles and return significant capital to shareholders while maintaining a strong balance sheet."
“尽管市场条件不佳，tfi international在本季度表现出色，从营运活动中提取了超过35000万美元的净现金和超过27000万美元的自由现金流，分别比去年同期增长了26%和37%。”董事长、总裁兼首席执行官Alain Bédard表示。“尽管美国零担业务的经营条件具有挑战性，我们的物流业务表现非常出色，而我们的整车和加拿大零担业务保持稳固。我们还能够在本季度减少债务，降低杠杆比率。在当前货运环境下，我们的高素质团队将继续专注于运营优化，并开发最近收购的潜力，而我们对自由现金流的全面关注使我们能够在疲软周期中机会投资，并向股东返还大量资本，同时保持强劲的资产负债表。”
TFI International shares fell 1.8% to trade at $133.49 on Wednesday.
tfi international股价周三下跌了1.8%，报133.49美元。
These analysts made changes to their price targets on TFI International following earnings announcement.
这些分析师在tfi international发布收益公告后对其价格目标进行了调整。
- Stifel analyst J. Bruce Chan downgraded TFI International from Buy to Hold and lowered the price target from $158 to $142.
- Susquehanna analyst Bascome Majors maintained the stock with a Positive and lowered the price target from $180 to $170.
- RBC Capital analyst Walter Spracklin maintained TFI International with an Outperform and lowered the price target from $167 to $160.
- JP Morgan analyst Brian Ossenbeck maintained the stock with an Overweight and lowered the price target from $181 to $178.
- Stifel分析师J. Bruce Chan将tfi international的评级从买入调整为持有，并将价格目标从158美元下调至142美元。
- Susquehanna分析师Bascome Majors维持该股票评级为积极，并将价格目标从180美元下调至170美元。
- RBC Capital分析师Walter Spracklin维持TFI International的表现，并将价格目标从167美元降至160美元。
- JP Morgan分析师Brian Ossenbeck维持该股票的超重评级，并将价格目标从181美元降至178美元。
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