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.
週一收盤後，tfi international（紐交所：TFII）報告第三季度的收益低於預期。
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.
公司每股季度盈利爲1.60美元，低於分析師一致預期的1.78美元。公司報告季度銷售額爲21.8億美元，低於分析師一致預期的22.5億美元。
TFI International raised its quarterly dividend by 13% from 49 cents to 45 cents per share.
tfi international將季度股息從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."
「儘管市場條件不佳，tfi international在本季度表現出色，從營運活動中提取了超過35000萬美元的淨現金和超過27000萬美元的自由現金流，分別比去年同期增長了26%和37%。」董事長、總裁兼首席執行官Alain Bédard表示。「儘管美國零擔業務的經營條件具有挑戰性，我們的物流業務表現非常出色，而我們的整車和加拿大零擔業務保持穩固。我們還能夠在本季度減少債務，降低槓桿比率。在當前貨運環境下，我們的高素質團隊將繼續專注於運營優化，並開發最近收購的潛力，而我們對自由現金流的全面關注使我們能夠在疲軟週期中機會投資，並向股東返還大量資本，同時保持強勁的資產負債表。」
TFI International shares fell 1.8% to trade at $133.49 on Wednesday.
tfi international股價週三下跌了1.8%，報133.49美元。
These analysts made changes to their price targets on TFI International following earnings announcement.
這些分析師在tfi international發佈收益公告後對其價格目標進行了調整。
- 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分析師J. Bruce Chan將tfi international的評級從買入調整爲持有，並將價格目標從158美元下調至142美元。
- Susquehanna分析師Bascome Majors維持該股票評級爲積極，並將價格目標從180美元下調至170美元。
- RBC Capital分析師Walter Spracklin維持TFI International的表現，並將價格目標從167美元降至160美元。
- JP Morgan分析師Brian Ossenbeck維持該股票的超重評級，並將價格目標從181美元降至178美元。
Read More:
閱讀更多：
- Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields
- 華爾街最準確的分析師對三支科技股票的高股息收益率表達了自己的看法。
譯文內容由第三人軟體翻譯。
