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 paid a dividend of 0.40 per share on Tuesday, October 15th. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, September 30th.

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 $8.98 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 Down 0.7 %

Shares of NYSE TFII traded down $1.02 during midday trading on Wednesday, hitting $147.07. The company’s stock had a trading volume of 13,990 shares, compared to its average volume of 257,375. The business’s fifty day simple moving average is $148.42 and its two-hundred day simple moving average is $145.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities analysts predict that TFI International will post 6.86 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TFII. CIBC upped their price target on TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Desjardins cut TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Stephens reaffirmed an “overweight” rating and set a $176.00 price target on shares of TFI International in a research note on Tuesday, July 30th. Finally, TD Cowen raised 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. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and a consensus 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.