TFI International Inc. (NYSE:TFII) Plans $0.45 Quarterly Dividend

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders 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 dividend 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 %

Shares of TFII stock traded down $0.01 on Tuesday, hitting $83.24. The stock had a trading volume of 501,329 shares, compared to its average volume of 275,452. TFI International has a twelve month low of $80.19 and a twelve month high of $162.13. The firm has a market cap of $7.01 billion, a P/E ratio of 16.65, a PEG ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average price of $116.28 and a two-hundred day moving average price of $133.22.

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

Wall Street Analyst Weigh In

Several research firms recently commented on TFII. Veritas cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Susquehanna cut their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group cut their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Stephens cut their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, TFI International currently has a consensus rating of “Hold” and a consensus 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.