Scotiabank upgraded shares of GFL Environmental (TSE:GFL – Free Report) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.
Separately, BMO Capital Markets downgraded shares of GFL Environmental from a strong-buy rating to a hold rating in a research report on Tuesday, July 9th.
Get Our Latest Research Report on GFL Environmental
GFL Environmental Price Performance
GFL Environmental (TSE:GFL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.29 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.01. The business had revenue of C$2.06 billion for the quarter, compared to analysts’ expectations of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. Sell-side analysts expect that GFL Environmental will post 1.6545901 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a $0.019 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. GFL Environmental’s payout ratio is currently -3.90%.
Insider Buying and Selling at GFL Environmental
In other GFL Environmental news, Director Patrick Joseph Dovigi sold 291,180 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$39.65, for a total transaction of C$11,545,287.00. In other news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total transaction of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 291,180 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$39.65, for a total value of C$11,545,287.00. Insiders have sold 987,224 shares of company stock valued at $48,703,272 in the last quarter. Corporate insiders own 3.10% 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.
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