Q4 EPS Estimate for GFL Environmental Reduced by Analyst

GFL Environmental Inc. (TSE:GFL - Free Report) - Atb Cap Markets dropped their Q4 2024 earnings estimates for GFL Environmental in a research report issued to clients and investors on Thursday, November 7th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.31. The consensus estimate for GFL Environmental's current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental's Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $2.00 EPS.

Separately, Scotiabank raised shares of GFL Environmental to a "strong-buy" rating in a research note on Friday, October 4th.

GFL Environmental Price Performance

Shares of TSE GFL traded down C$1.19 during midday trading on Monday, reaching C$61.61. The company's stock had a trading volume of 287,790 shares, compared to its average volume of 258,860. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. GFL Environmental has a fifty-two week low of C$36.56 and a fifty-two week high of C$64.60. The business's 50 day moving average price is C$55.94 and its two-hundred day moving average price is C$52.54. The company has a market cap of C$23.46 billion, a P/E ratio of -30.05, a P/E/G ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, beating analysts' consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The company had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion.

Insider Activity at GFL Environmental

In related news, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$53.39, for a total value of C$32,036,634.00. In other GFL Environmental news, Director Patrick Joseph Dovigi sold 600,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. Also, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$54.39, for a total transaction of C$364,304.22. Insiders have sold 687,224 shares of company stock valued at $36,805,967 over the last three months. 2.96% of the stock is owned by insiders.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a $0.019 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is -3.90%.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.