TFI International Declares Quarterly Dividend

TFI International (NYSE:TFII) reported Q2 earnings of $1.34 per share, below the $1.60 consensus, and sales of $1.654 billion, below the $2.216 billion consensus. The company forecast Q3 adjusted EPS of $1.70-$1.80. Shares rose 4.4% to $152.29, and analysts revised price targets after the results.

TFI International (TFII) reported Q2 diluted EPS of $1.65, up 41% year over year, and EBITDA up more than 11%. Profitability gains came mainly from Truckload and Logistics, with LTL margins lagging. Truckload EBITDA margin rose to 24.1% from 19.5% in Q1; LTL margin was 18%. CEO cited supply-driven Truckload pricing, LTL volume costs, and Daseke-related depreciation easing. 2026 OR improvement guidance: Truckload +500 to 600 bps, Logistics +250 to 350 bps, LTL comparable.

Analyst actions roundup following TFI International’s Q2 beat. TFI reported revenue of US$2.29B (+12% YoY) and adjusted EPS of US$1.85 (+38%), above estimates. National Bank Financial raised its target to US$161. Citi, RBC, Desjardins and BofA also adjusted targets and ratings. Separate notes cover Pet Valu and K-Bro Linen.

A roundup of analyst actions in Canada’s telecom and transportation sectors. Raymond James initiated coverage of the telecom industry and set BCE at “market perform” with a C$37 target, Quebecor at “market perform” C$72, Rogers at “outperform” C$68, and Telus at “market perform” C$18.50. TD Cowen downgraded Rockpoint Gas Storage to “hold” (C$32). National Bank raised NFI Group to C$29. Scotiabank upgraded TFI International to “sector outperform” with a C$260 target.

Citi analyst Ariel Rosa said North American transport fundamentals may support higher earnings but warned trucker stock upside is challenging as valuations near all-time highs. He downgraded ODFL to sell and cut SAIA, KNX and CHRW to neutral, citing capacity growth and potential PE de-rating. He raised TFI International’s target to $188 (buy) from $163. RBC’s Bart Dziarski called TMX’s $490m RAFI Indices acquisition accretive (~3%) and lifted his TMX target to $71 (outperform).

The article highlights three TSX stocks for earnings-season catalysts. Stantec reported Q1 2026 net revenue of $1.7B (+9.1%), adjusted EPS $1.33 (+14.7%), and record backlog of $9B, reaffirming mid-to-high single-digit organic growth for 2026. Kinaxis posted record Q1 2026 revenue of US$165.6M (+25%) with SaaS revenue up 21% and ARR up 20% to US$447M. TFI International reported Q1 2026 revenue of US$2B and adjusted diluted EPS of $0.69, but generated US$123.7M free cash flow and raised its quart