GFL Environmental (NYSE:GFL) Issues Earnings Results

GFL Environmental (NYSE:GFL) issued its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, Zacks reports. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.

GFL Environmental Stock Down 0.8 %

NYSE:GFL traded down $0.37 during trading hours on Monday, hitting $45.96. 1,098,872 shares of the stock traded hands, compared to its average volume of 1,701,859. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of -34.56 and a beta of 1.17. The firm has a 50 day moving average price of $44.44 and a 200 day moving average price of $43.04. 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 has a fifty-two week low of $30.57 and a fifty-two week high of $48.87.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is -4.51%.

Analyst Ratings Changes

Several brokerages recently weighed in on GFL. UBS Group raised their target price on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James raised 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. Scotiabank decreased their price target on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.56.

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.