GFL Environmental (GFL) Set to Announce Earnings on Wednesday

GFL Environmental (NYSE:GFL - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect GFL Environmental to post earnings of $0.24 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. On average, analysts expect GFL Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GFL Environmental Stock Performance

NYSE GFL traded up $0.75 on Wednesday, hitting $42.03. The stock had a trading volume of 1,749,140 shares, compared to its average volume of 1,211,077. The company's 50-day moving average is $40.79 and its two-hundred day moving average is $37.89. GFL Environmental has a one year low of $26.87 and a one year high of $43.79. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of -27.98 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is -3.33%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Raymond James lifted their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Scotiabank began coverage on shares of GFL Environmental in a research note on Friday, October 4th. They set a "sector outperform" rating and a $50.00 target price for the company. Finally, BMO Capital Markets cut shares of GFL Environmental from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $43.00 to $42.00 in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.56.

GFL Environmental Company Profile

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.