GFL Environmental (TSE:GFL) Stock Price Down 0.2% – Should You Sell?

GFL Environmental Inc. (TSE:GFL) was down 0.2% on Friday . The company traded as low as C$63.92 and last traded at C$64.28. Approximately 111,649 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 259,764 shares. The stock had previously closed at C$64.39.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

GFL Environmental Stock Down 0.2 %

The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. The business’s 50 day moving average is C$62.37 and its 200-day moving average is C$57.13. The stock has a market cap of C$24.47 billion, a price-to-earnings ratio of -31.36, a PEG ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last released its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.32 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$2.01 billion during the quarter, compared to analysts’ expectations of C$2.06 billion. On average, sell-side analysts predict that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were issued a dividend of $0.019 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s payout ratio is currently -3.90%.

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.