GFL Environmental (GFL) Set to Announce Earnings on Wednesday

GFL Environmental (TSE:GFL - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

GFL Environmental (TSE:GFL - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported C$0.29 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.01. The business had revenue of C$2.06 billion during the quarter, compared to the consensus estimate of C$2.06 billion. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%.

GFL Environmental Stock Performance

TSE:GFL traded up C$0.94 during mid-day trading on Wednesday, reaching C$58.40. 266,639 shares of the stock were exchanged, compared to its average volume of 256,563. The stock has a market capitalization of C$22.23 billion, a P/E ratio of -28.49, a P/E/G ratio of -0.76 and a beta of 1.03. GFL Environmental has a 1 year low of C$36.56 and a 1 year high of C$59.00. The company has a 50 day simple moving average of C$55.60 and a 200-day simple moving average of C$51.76. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is presently -3.90%.

Analysts Set New Price Targets

Several research firms recently commented on GFL. Scotiabank upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Friday, October 4th. BMO Capital Markets cut shares of GFL Environmental from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 9th.

Insiders Place Their Bets

In other news, Director Patrick Joseph Dovigi sold 600,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. In related news, Director Patrick Joseph Dovigi sold 600,000 shares of the firm's stock in a transaction dated 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. Also, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of C$54.86, for a total value of C$424,232.38. In the last ninety days, insiders sold 987,224 shares of company stock valued at $48,703,272. 2.96% of the stock is owned by company insiders.

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.