TFI International Inc. (NYSE:TFII) to Issue $0.45 Quarterly Dividend

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid 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 2.34%. The ex-dividend date of this dividend is Monday, March 31st.

TFI International has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of TFII stock opened at $77.00 on Friday. The company has a market capitalization of $6.48 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.11 and a beta of 1.62. The business’s 50 day moving average is $106.98 and its two-hundred day moving average is $129.52. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International has a 12-month low of $76.86 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TFII. Stifel Nicolaus lowered their target price on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 21st. CIBC decreased their target price on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a report on Friday, February 21st. Susquehanna cut their price target on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a report on Monday, March 3rd. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $163.00 to $107.00 in a report on Friday, February 21st. Finally, TD Cowen cut their target price on TFI International from $135.00 to $128.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TFI International has an average rating of “Moderate Buy” and an average price target of $145.86.

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.