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

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, June 17th, NASDAQ reports. Investors of record on Friday, June 28th will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, June 28th.

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 $9.00 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

Shares of NYSE TFII opened at $137.07 on Wednesday. The firm’s fifty day moving average is $139.12 and its two-hundred day moving average is $139.36. TFI International has a 52-week low of $104.07 and a 52-week high of $162.13. The company has a market cap of $11.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.46 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. As a group, analysts anticipate that TFI International will post 6.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TFII has been the subject of a number of recent research reports. Bank of America raised their target price on shares of TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group lifted their price objective on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. TD Cowen decreased their target price on shares of TFI International from $178.00 to $176.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. National Bank Financial upgraded TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their price objective on TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.53.

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.