Atb Cap Markets Brokers Decrease Earnings Estimates for GFL

GFL Environmental Inc. (NYSE:GFL - Free Report) - Equities researchers at Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for GFL Environmental in a research note issued to investors on Thursday, November 7th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.22. The consensus estimate for GFL Environmental's current full-year earnings is $0.60 per share. Atb Cap Markets also issued estimates for GFL Environmental's Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.44 EPS.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.

A number of other research firms have also weighed in on GFL. Scotiabank increased their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a "sector outperform" rating in a research report on Friday. Truist Financial raised their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday. Royal Bank of Canada boosted their price objective on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, UBS Group boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GFL Environmental has a consensus rating of "Moderate Buy" and an average target price of $45.80.

GFL Environmental Trading Down 2.0 %

Shares of GFL traded down $0.88 during midday trading on Monday, hitting $44.24. The stock had a trading volume of 1,081,297 shares, compared to its average volume of 1,227,280. The stock's 50 day moving average is $40.82 and its 200 day moving average is $38.43. The firm has a market cap of $16.66 billion, a PE ratio of -33.92 and a beta of 1.15. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.89. GFL Environmental has a 1 year low of $26.87 and a 1 year high of $46.48.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's payout ratio is presently -4.51%.

Institutional Trading of GFL Environmental

A number of hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors boosted its holdings in shares of GFL Environmental by 17.4% in the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company's stock valued at $684,877,000 after buying an additional 2,935,811 shares in the last quarter. Vanguard Group Inc. grew its holdings in GFL Environmental by 9.4% in the first quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company's stock worth $273,053,000 after purchasing an additional 683,120 shares during the last quarter. Fred Alger Management LLC increased its position in shares of GFL Environmental by 7.1% during the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company's stock worth $242,213,000 after purchasing an additional 411,128 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of GFL Environmental by 40.0% during the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after purchasing an additional 1,614,182 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its position in shares of GFL Environmental by 22.1% in the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company's stock worth $127,911,000 after purchasing an additional 595,259 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

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.