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

TFI International Inc. (NYSE:TFII) declared 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 dividend on an annualized basis and a yield of 1.08%. 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 Stock Performance

TFI International stock opened at $147.68 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The company has a market capitalization of $12.50 billion, a PE ratio of 26.28, a P/E/G ratio of 1.49 and a beta of 1.55. The company has a 50 day moving average price of $148.42 and a 200-day moving average price of $145.69. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. TFI International’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. As a group, equities analysts forecast that TFI International will post 6.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on TFII shares. TD Cowen raised their target price on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Stephens reissued an “overweight” rating and set a $176.00 price objective on shares of TFI International in a report on Tuesday, July 30th. CIBC upped their target price on TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on TFI International from $170.00 to $184.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Desjardins cut TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.33.

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.