Atb Cap Markets Has Negative Outlook of TSE:GFL Q4 Earnings

GFL Environmental Inc. (TSE:GFL) – Analysts at Atb Cap Markets reduced their Q4 2024 EPS estimates for shares of GFL Environmental in a research note issued to investors on Thursday, November 7th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $2.00 EPS.

GFL Environmental (TSE:GFL) last released its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$2.01 billion during the quarter, compared to analysts’ expectations of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%.

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Price Performance

TSE:GFL opened at C$61.61 on Monday. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. The company has a 50-day moving average of C$55.94 and a 200-day moving average of C$52.54. GFL Environmental has a 52 week low of C$36.56 and a 52 week high of C$64.60. The company has a market capitalization of C$23.46 billion, a price-to-earnings ratio of -30.05, a PEG ratio of -0.76 and a beta of 1.03.

Insider Activity at GFL Environmental

In other GFL Environmental news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of GFL Environmental stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$54.83, for a total transaction of C$2,408,604.94. In related news, Director Patrick Joseph Dovigi sold 600,000 shares of the company’s stock in a transaction on 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 Jonathan Lucas (Luke) Pelosi sold 43,931 shares of GFL Environmental stock in a transaction dated Friday, September 6th. The stock was sold at an average price of C$54.83, for a total value of C$2,408,604.94. Insiders sold a total of 687,224 shares of company stock valued at $36,805,967 over the last quarter. Corporate insiders own 2.96% of the company’s stock.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -3.90%.

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.