Scotiabank upgraded shares of GFL Environmental (TSE:GFL – Free Report) to a strong-buy rating in a report released on Friday, Zacks.com reports.
Separately, BMO Capital Markets downgraded shares of GFL Environmental from a strong-buy rating to a hold rating in a research report on Tuesday, July 9th.
Check Out Our Latest Analysis on GFL Environmental
GFL Environmental Stock Performance
GFL Environmental (TSE:GFL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.29 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The company had revenue of C$2.06 billion during the quarter, compared to analysts’ expectations of C$2.06 billion. As a group, equities research analysts predict that GFL Environmental will post 1.6545901 EPS for the current year.
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 paid a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is -3.90%.
Insiders Place Their Bets
In other GFL Environmental news, Director Patrick Joseph Dovigi sold 291,180 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$39.65, for a total value of C$11,545,287.00. In other news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$54.83, for a total value of C$2,408,604.94. Also, Director Patrick Joseph Dovigi sold 291,180 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$39.65, for a total value of C$11,545,287.00. In the last ninety days, insiders have sold 987,224 shares of company stock worth $48,703,272. Corporate insiders own 3.10% of the company’s stock.
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.
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