FY2025 EPS Estimate for GFL Environmental Raised by Analyst

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at National Bank Financial boosted their FY2025 earnings estimates for GFL Environmental in a research report issued on Thursday, November 7th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.80 for the year, up from their previous estimate of $0.70. The consensus estimate for GFL Environmental’s current full-year earnings is $0.60 per share.

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

GFL Environmental Stock Performance

NYSE GFL opened at $44.27 on Monday. The stock has a fifty day simple moving average of $40.84 and a 200-day simple moving average of $38.51. The company has a current ratio of 0.58, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.67 billion, a PE ratio of -33.26 and a beta of 1.15. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $46.48.

GFL Environmental (NYSE:GFL) last released its quarterly 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is -4.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $39,000. Cape Investment Advisory Inc. boosted its position in shares of GFL Environmental by 325.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after acquiring an additional 975 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of GFL Environmental in the 3rd quarter valued at about $60,000. Finally, Tobam lifted its stake in GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.