Equities Analysts Issue Forecasts for GFL FY2024 Earnings

GFL Environmental Inc. (NYSE:GFL) – Analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for GFL Environmental in a research report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta forecasts that the company will earn $0.63 per share for the year. Scotiabank has a “Sector Outperform” rating and a $51.00 price target on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.59 per share. Scotiabank also issued estimates for GFL Environmental’s FY2025 earnings at $1.21 EPS and FY2026 earnings at $1.55 EPS.

GFL has been the topic of a number of other research reports. UBS Group lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial lifted their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Stock Down 0.1 %

Shares of GFL opened at $44.16 on Monday. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The company’s fifty day moving average is $45.09 and its two-hundred day moving average is $41.94. The firm has a market cap of $17.37 billion, a PE ratio of -33.20 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC increased its stake in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in GFL Environmental in the third quarter valued at approximately $60,000. Avior Wealth Management LLC bought a new position in shares of GFL Environmental during the third quarter valued at approximately $82,000. US Bancorp DE raised its position in shares of GFL Environmental by 51.5% during the 3rd quarter. US Bancorp DE now owns 2,569 shares of the company’s stock worth $102,000 after purchasing an additional 873 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of GFL Environmental by 30.7% in the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after purchasing an additional 659 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a dividend of $0.014 per share. The ex-dividend date is Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is -3.76%.

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.