TFI International Inc. (TFII) To Go Ex-Dividend on March 31st

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders 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 yield of 2.16%. The ex-dividend date of this dividend is Monday, March 31st.

TFI International has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.0 %

Shares of TFI International stock opened at $83.24 on Wednesday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.65, a PEG 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. TFI International has a 12-month low of $80.19 and a 12-month high of $162.13. The firm’s 50-day moving average price is $115.26 and its two-hundred day moving average price is $132.76.

TFI International (NYSE:TFII) last posted its earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TFII shares. Stephens dropped their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. CIBC dropped their price objective on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus lowered their price target on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International presently has a consensus rating of “Hold” and a consensus price target of $148.93.

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.