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

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, March 17th, 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 dividend on an annualized basis and a 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 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

TFII traded down $0.01 during midday trading on Tuesday, reaching $83.24. 501,329 shares of the company’s stock were exchanged, compared to its average volume of 275,452. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. TFI International has a one year low of $80.19 and a one year high of $162.13. The business has a 50-day simple moving average of $116.28 and a two-hundred day simple moving average of $133.22.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on TFII shares. Stephens cut their target price on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Citigroup cut their target price on shares of TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and cut their target price for the company from $163.00 to $107.00 in a research note on Friday, February 21st. The Goldman Sachs Group cut their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Susquehanna cut their target price on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.