TFI International Inc. Plans 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 annualized dividend and a yield of 2.16%. The ex-dividend date is Monday, March 31st.

TFI International has a 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 Trading Down 0.0 %

NYSE TFII opened at $83.24 on Wednesday. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.11 and a beta of 1.62. TFI International has a one year low of $80.19 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The business’s fifty day moving average is $115.26 and its 200-day moving average is $132.76.

TFI International (NYSE:TFII) last released its 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). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts predict that TFI International will post 7.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TFII shares. Stephens lowered their price objective on TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. UBS Group lowered TFI International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $163.00 to $107.00 in a report on Friday, February 21st. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Finally, CIBC reduced their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International currently has an average rating of “Hold” and a consensus target price of $148.93.

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.