TFI International Inc. (NYSE:TFII) to Issue Dividend Increase - $0.45 Per Share

TFI International Inc. (NYSE:TFII - Get Free Report) declared a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.45 per share on Wednesday, January 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International's previous quarterly dividend of $0.40.

TFI International has a payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TFI International to earn $8.75 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 18.3%.

TFI International Trading Down 3.1 %

Shares of NYSE TFII traded down $4.20 during midday trading on Wednesday, hitting $131.69. The stock had a trading volume of 555,290 shares, compared to its average volume of 264,395. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.51 and a beta of 1.55. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average price of $142.63 and a 200 day moving average price of $142.96.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, analysts predict that TFI International will post 6.68 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on TFII shares. Stifel Nicolaus lowered TFI International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $158.00 to $142.00 in a research report on Wednesday. Susquehanna reduced their price target on TFI International from $180.00 to $170.00 and set a "positive" rating on the stock in a research report on Wednesday. TD Securities reduced their price target on TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday. Cormark raised TFI International from a "hold" rating to a "moderate buy" rating in a research report on Monday, July 15th. Finally, CIBC reduced their price target on TFI International from $174.00 to $166.00 and set an "outperform" rating on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $167.94.

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.