Equities Analysts Issue Forecasts for GFL FY2024 Earnings

GFL Environmental Inc. (NYSE:GFL) – Scotiabank issued their FY2024 EPS estimates for GFL Environmental in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta forecasts that the company will earn $0.63 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $51.00 target price on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.59 per share. Scotiabank also issued estimates for GFL Environmental’s FY2025 earnings at $1.21 EPS and FY2026 earnings at $1.55 EPS.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.

Several other research analysts also recently weighed in on GFL. UBS Group upped their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Raymond James boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial raised their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Stock Performance

NYSE:GFL opened at $44.18 on Monday. The stock has a 50-day moving average price of $45.04 and a 200 day moving average price of $41.90. The stock has a market capitalization of $17.38 billion, a P/E ratio of -33.22 and a beta of 1.17. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental’s payout ratio is currently -3.76%.

Institutional Investors Weigh In On GFL Environmental

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in GFL Environmental by 6.3% during the 3rd quarter. Tidal Investments LLC now owns 20,853 shares of the company’s stock valued at $832,000 after buying an additional 1,238 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of GFL Environmental in the third quarter valued at $174,000. TCW Group Inc. lifted its holdings in shares of GFL Environmental by 24.6% in the 3rd quarter. TCW Group Inc. now owns 21,598 shares of the company’s stock worth $861,000 after acquiring an additional 4,270 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of GFL Environmental by 20.1% during the 3rd quarter. Toronto Dominion Bank now owns 104,578 shares of the company’s stock worth $4,171,000 after purchasing an additional 17,493 shares during the period. Finally, Geode Capital Management LLC grew its holdings in GFL Environmental by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 918,706 shares of the company’s stock valued at $36,296,000 after purchasing an additional 65,449 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

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.