TFI International Inc. (TFII) To Go Ex-Dividend on September 30th

TFI International Inc. (NYSE:TFII) declared a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.40 per share on Tuesday, October 15th. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, September 30th.

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 $8.92 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 17.9%.

TFI International Trading Down 3.5 %

Shares of TFI International stock opened at $137.86 on Friday. The stock has a fifty day moving average price of $147.14 and a 200-day moving average price of $145.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a market cap of $11.66 billion, a PE ratio of 24.49, a P/E/G ratio of 1.53 and a beta of 1.55. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. Equities research analysts anticipate that TFI International will post 6.85 EPS for the current year.

Wall Street Analyst Weigh In

TFII has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price objective on TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.33.

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.