GFL Environmental (NYSE:GFL) Issues Earnings Results, Beats Expectations By $0.03 EPS

GFL Environmental (NYSE:GFL) issued its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03, Zacks reports. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.

GFL Environmental Stock Performance

GFL stock traded down $0.37 on Monday, reaching $45.96. The company’s stock had a trading volume of 1,098,872 shares, compared to its average volume of 1,701,859. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $18.08 billion, a P/E ratio of -34.56 and a beta of 1.17. The firm has a fifty day moving average of $44.44 and a two-hundred day moving average of $43.04.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio is presently -4.51%.

Wall Street Analyst Weigh In

GFL has been the subject of several analyst reports. UBS Group upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank dropped their price target on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Truist Financial lifted their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday. Finally, Raymond James increased their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

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.