FY2025 EPS Estimate for GFL Environmental Lifted by Analyst

GFL Environmental Inc. (NYSE:GFL - Free Report) - Stock analysts at National Bank Financial raised their FY2025 earnings per share estimates for GFL Environmental in a report issued on Thursday, November 7th. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.80 per share for the year, up from their prior estimate of $0.70. The consensus estimate for GFL Environmental's current full-year earnings is $0.60 per share.

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

Several other research analysts have also issued reports on GFL. UBS Group raised their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank of Canada increased their price target on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Raymond James increased their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday. Finally, Scotiabank raised their target price on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.80.

GFL Environmental Trading Down 1.9 %

NYSE:GFL traded down $0.87 during trading hours on Monday, hitting $44.25. 1,025,740 shares of the company were exchanged, compared to its average volume of 1,227,025. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of -33.92 and a beta of 1.15. The company has a current ratio of 0.58, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. GFL Environmental has a one year low of $26.87 and a one year high of $46.48. The company has a fifty day simple moving average of $40.82 and a 200 day simple moving average of $38.43.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently modified their holdings of the company. Seven Grand Managers LLC bought a new position in shares of GFL Environmental during the 3rd quarter worth approximately $1,994,000. Toronto Dominion Bank raised its holdings in GFL Environmental by 33.8% during the 1st quarter. Toronto Dominion Bank now owns 74,152 shares of the company's stock valued at $2,558,000 after acquiring an additional 18,742 shares during the period. Janney Montgomery Scott LLC raised its holdings in GFL Environmental by 143.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company's stock valued at $608,000 after acquiring an additional 10,400 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in GFL Environmental during the 1st quarter valued at $459,000. Finally, Harbor Capital Advisors Inc. raised its holdings in GFL Environmental by 115.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock valued at $1,977,000 after acquiring an additional 26,542 shares during the period. Institutional investors own 64.70% of the company's stock.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. 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 dividend payout ratio is currently -4.51%.

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.