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

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders 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 dividend yield of 1.16%. The ex-dividend date is Monday, September 30th.

TFI International has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect TFI International to earn $8.92 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 17.9%.

TFI International Stock Down 3.5 %

Shares of NYSE:TFII opened at $137.86 on Friday. The firm has a market capitalization of $11.66 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The firm has a fifty day moving average of $147.14 and a 200 day moving average of $145.50.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. 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 business earned $1.59 EPS. As a group, research analysts anticipate that TFI International will post 6.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of TFI International from $170.00 to $184.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Stifel Nicolaus upped their price target on shares of TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price objective on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Stephens restated an “overweight” rating and set a $176.00 target price on shares of TFI International in a report on Tuesday, July 30th. Finally, Bank of America raised their price target on TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and a consensus 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.