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

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Monday, March 31st.

TFI International has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.0 %

Shares of TFI International stock traded down $0.01 during trading hours on Tuesday, hitting $83.24. The company’s stock had a trading volume of 470,129 shares, compared to its average volume of 275,327. TFI International has a 12 month low of $80.19 and a 12 month high of $162.13. The stock has a 50 day moving average of $116.28 and a 200 day moving average of $133.22. The company has a market capitalization of $7.01 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. 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 announced its quarterly earnings results 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 business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Analysts predict that TFI International will post 7.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TFII shares. Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. CIBC reduced their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research report on Friday, February 21st. Susquehanna reduced their price target on TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus reduced their price target on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada reduced their price target on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.