TFI International Inc. (TFII) to Issue Quarterly Dividend of $0.40 on July 15th

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, June 17th, NASDAQ reports. Investors of record on Friday, June 28th will be given a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, June 28th.

TFI International has a payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TFI International to earn $9.00 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 17.8%.

TFI International Stock Performance

NYSE:TFII opened at $137.07 on Wednesday. The company has a market capitalization of $11.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.46 and a beta of 1.55. The business has a fifty day simple moving average of $139.12 and a two-hundred day simple moving average of $139.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. TFI International has a 1 year low of $104.07 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. On average, analysts expect that TFI International will post 6.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TFII shares. National Bank Financial upgraded shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Friday, April 26th. Bank of America boosted their target price on shares of TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group raised their price target on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. CIBC decreased their price objective on TFI International from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada dropped their price objective on TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.53.

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.