TFI International Inc. Plans Quarterly Dividend of $0.45 (NYSE:TFII)

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.45 per share on Tuesday, April 15th. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, March 31st.

TFI International has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TFI International to earn $9.51 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 16.8%.

TFI International Price Performance

TFI International stock traded down $0.01 during mid-day trading on Tuesday, reaching $83.24. 470,129 shares of the company were exchanged, compared to its average volume of 275,327. The company has a fifty day simple moving average of $116.28 and a 200-day simple moving average of $133.22. The firm has a market cap of $7.01 billion, a PE ratio of 16.65, a PEG ratio of 1.11 and a beta of 1.62. TFI International has a 12 month low of $80.19 and a 12 month high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last issued its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, equities research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TFII. Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. CIBC reduced their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a report on Friday, February 21st. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $163.00 to $107.00 in a report on Friday, February 21st. Finally, Veritas downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.93.

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.