GFL FY2025 EPS Estimate Boosted by National Bank Financial

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for GFL Environmental in a research note issued on Thursday, November 7th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.80 per share for the year, up from their prior estimate of $0.70. The consensus estimate for GFL Environmental’s current full-year earnings is $0.60 per share.

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

A number of other research analysts have also commented on GFL. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Raymond James upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial boosted their target price on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada increased their price target on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Scotiabank boosted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Stock Up 0.0 %

GFL stock opened at $44.27 on Monday. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -33.26 and a beta of 1.15. The company has a fifty day moving average price of $40.84 and a 200 day moving average price of $38.51. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.89. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $46.48.

Institutional Trading of GFL Environmental

A number of institutional investors have recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of GFL Environmental by 1.8% during the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after buying an additional 268 shares during the last quarter. Signaturefd LLC raised its position in GFL Environmental by 23.5% during the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after acquiring an additional 409 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of GFL Environmental by 3.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock worth $838,000 after buying an additional 664 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of GFL Environmental by 13.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock valued at $234,000 after buying an additional 780 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s payout ratio is currently -4.51%.

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.