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

TFI International Inc. (NYSE:TFII - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 2.20%. 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. 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 Stock Performance

TFII stock traded down $1.42 during midday trading on Friday, reaching $81.96. The company had a trading volume of 496,528 shares, compared to its average volume of 279,285. TFI International has a fifty-two week low of $80.19 and a fifty-two week high of $162.13. The firm has a market capitalization of $6.90 billion, a PE ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $112.24 and a 200 day moving average price of $131.62.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Analysts anticipate that TFI International will post 7.76 earnings per share for the current year.

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Analyst Upgrades and Downgrades

TFII has been the topic of several research analyst reports. Royal Bank of Canada decreased their price objective on shares of TFI International from $156.00 to $127.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Veritas raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Citigroup lowered their target price on shares of TFI International from $162.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Stephens cut their price target 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. Finally, Susquehanna decreased their target price on TFI International from $170.00 to $135.00 and set a "positive" rating for the company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" 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.