TFI International Inc. (NYSE:TFII) Increases Dividend to $0.45 Per Share

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.45 per share on Wednesday, January 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40.

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 $8.75 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 18.3%.

TFI International Stock Up 0.9 %

TFII opened at $135.90 on Wednesday. The business has a 50 day moving average price of $142.83 and a two-hundred day moving average price of $143.12. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market cap of $11.50 billion, a PE ratio of 24.14, a P/E/G ratio of 1.51 and a beta of 1.55. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion for 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%. During the same period in the prior year, the company earned $1.57 earnings per share. As a group, research analysts anticipate that TFI International will post 6.68 EPS for the current year.

Wall Street Analyst Weigh In

TFII has been the subject of several recent analyst reports. Stephens reissued an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Desjardins cut TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group reduced their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. CIBC reduced their price objective on TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a report on Tuesday, October 1st. Finally, Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $158.00 to $142.00 in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.50.

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.