GFL Environmental (GFL) to Release Earnings on Wednesday

GFL Environmental (TSE:GFL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

GFL Environmental (TSE:GFL) last announced its quarterly earnings data 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 business had revenue of C$2.06 billion during the quarter, compared to the consensus estimate of C$2.06 billion.

GFL Environmental Stock Up 3.1 %

Shares of GFL opened at C$57.46 on Wednesday. GFL Environmental has a one year low of C$36.56 and a one year high of C$59.00. The company has a market cap of C$21.88 billion, a P/E ratio of -28.03, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The firm has a 50 day simple moving average of C$55.58 and a two-hundred day simple moving average of C$51.69.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.019 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental’s payout ratio is presently -3.90%.

Insiders Place Their Bets

In other GFL Environmental news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 28,862 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$54.47, for a total transaction of C$1,572,191.07. In related news, Director Patrick Joseph Dovigi sold 600,000 shares of the business’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 28,862 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$54.47, for a total transaction of C$1,572,191.07. Over the last quarter, insiders have sold 987,224 shares of company stock valued at $48,703,272. 2.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

GFL has been the topic of a number of research reports. BMO Capital Markets cut shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Scotiabank raised shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

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.