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

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders 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 yield of 1.09%. The ex-dividend date of this dividend is Monday, September 30th.

TFI International has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of TFI International stock traded down $1.02 during trading hours on Wednesday, reaching $147.07. The company’s stock had a trading volume of 13,990 shares, compared to its average volume of 257,375. The stock has a market cap of $12.44 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.49 and a beta of 1.55. TFI International has a one year low of $104.91 and a one year high of $162.13. The firm has a 50 day moving average price of $148.42 and a 200-day moving average price of $145.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. On average, analysts predict that TFI International will post 6.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TFII. National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. CIBC increased their target price on shares of TFI International from $167.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Stephens restated an “overweight” rating and set a $176.00 price target on shares of TFI International in a research report on Tuesday, July 30th. Finally, Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.