TFI International Inc. Declares Quarterly Dividend of $0.40 (NYSE:TFII)

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, June 17th, NASDAQ reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, June 28th.

TFI International has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect TFI International to earn $9.02 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 17.7%.

TFI International Stock Up 0.3 %

NYSE TFII traded up $0.43 during mid-day trading on Thursday, reaching $140.26. 1,722 shares of the company’s stock traded hands, compared to its average volume of 276,355. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The company has a fifty day simple moving average of $136.68 and a 200-day simple moving average of $140.22. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.48 and a beta of 1.55.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.89 billion. As a group, equities research analysts expect that TFI International will post 6.83 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on TFII shares. Royal Bank of Canada reduced their target price on TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. The Goldman Sachs Group increased their target price on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. CIBC reduced their target price on TFI International from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. National Bank Financial raised TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Friday, April 26th. Finally, Bank of America increased their target price on TFI International from $154.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, TFI International has an average rating of “Moderate Buy” and a consensus target price of $161.53.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.