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

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.40 per share on Tuesday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, September 30th.

TFI International has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TFI International to earn $8.98 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 17.8%.

TFI International Trading Down 0.3 %

TFI International stock opened at $147.68 on Wednesday. The stock has a 50-day moving average price of $148.42 and a 200 day moving average price of $145.69. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS. Sell-side analysts anticipate that TFI International will post 6.86 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on TFII. CIBC lifted their price objective on TFI International from $167.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stifel Nicolaus boosted their price target on TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stephens reaffirmed an “overweight” rating and set a $176.00 price objective on shares of TFI International in a research note on Tuesday, July 30th. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, Bank of America increased their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of $170.33.

TFI International Company Profile

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.