Atb Cap Markets Analysts Lower Earnings Estimates for GFL

GFL Environmental Inc. (NYSE:GFL) – Atb Cap Markets reduced their Q4 2024 earnings per share (EPS) estimates for shares of GFL Environmental in a research note issued on Thursday, November 7th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for GFL Environmental’s current full-year earnings is $0.60 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.44 EPS.

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

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

GFL Environmental Stock Performance

Shares of GFL stock opened at $44.27 on Monday. The stock has a market cap of $16.67 billion, a PE ratio of -33.26 and a beta of 1.15. The stock has a 50-day moving average of $40.84 and a 200-day moving average 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 one year low of $26.87 and a one year high of $46.48.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Seven Grand Managers LLC acquired a new stake in shares of GFL Environmental in the third quarter valued at about $1,994,000. Toronto Dominion Bank increased its position in shares of GFL Environmental by 33.8% during the 1st quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock worth $2,558,000 after purchasing an additional 18,742 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of GFL Environmental by 143.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock worth $608,000 after purchasing an additional 10,400 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $459,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock valued at $1,977,000 after buying an additional 26,542 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is presently -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.