Scotiabank Issues Pessimistic Forecast for TSE:GFL Earnings

GFL Environmental Inc. (TSE:GFL - Free Report) - Research analysts at Scotiabank dropped their FY2026 EPS estimates for GFL Environmental in a research report issued on Wednesday, March 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $2.09 for the year, down from their prior forecast of $2.23. The consensus estimate for GFL Environmental's current full-year earnings is $1.69 per share.

Separately, Citigroup raised GFL Environmental to a "strong-buy" rating in a research report on Monday, January 27th.

GFL Environmental Stock Up 1.1 %

Shares of GFL Environmental stock traded up C$0.79 during trading hours on Monday, reaching C$69.83. 241,704 shares of the company's stock were exchanged, compared to its average volume of 318,733. The company has a 50 day moving average of C$65.03 and a two-hundred day moving average of C$61.88. GFL Environmental has a fifty-two week low of C$41.90 and a fifty-two week high of C$70.38. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75. The stock has a market cap of C$26.95 billion, a P/E ratio of -45.83, a P/E/G ratio of -0.76 and a beta of 1.03.

GFL Environmental Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Monday, January 13th. GFL Environmental's payout ratio is -5.25%.

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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.