Atb Cap Markets Has Optimistic View of TSE:GFL Q4 Earnings

GFL Environmental Inc. (TSE:GFL) – Equities research analysts at Atb Cap Markets lifted their Q4 2024 earnings estimates for shares of GFL Environmental in a report released on Tuesday, January 7th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.29. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q1 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.46 EPS and FY2025 earnings at $1.60 EPS.

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

GFL Environmental Stock Performance

TSE:GFL opened at C$63.75 on Friday. The company has a fifty day moving average of C$63.82 and a 200-day moving average of C$58.00. The firm has a market capitalization of C$24.27 billion, a P/E ratio of -31.10, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. GFL Environmental has a twelve month low of C$41.90 and a twelve month high of C$68.43.

GFL Environmental (TSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. The firm had revenue of C$2.01 billion for the quarter, compared to the consensus estimate of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%.

GFL Environmental Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Monday, January 13th. 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.