National Bank Financial Comments on GFL FY2025 Earnings

GFL Environmental Inc. (NYSE:GFL) – Analysts at National Bank Financial lifted their FY2025 earnings per share estimates for GFL Environmental in a research note issued on Thursday, November 7th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.80 for the year, up from their prior estimate of $0.70. The consensus estimate for GFL Environmental’s current full-year earnings is $0.61 per share.

GFL Environmental (NYSE:GFL) last announced 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. GFL Environmental had a positive return on equity of 3.46% and a negative net margin of 7.54%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion.

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

GFL Environmental Stock Performance

GFL stock opened at $45.12 on Monday. The firm has a 50 day moving average of $40.82 and a two-hundred day moving average of $38.39. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $46.48. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of -33.92 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45.

Institutional Trading of GFL Environmental

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in shares of GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock valued at $608,000 after buying an additional 10,400 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of GFL Environmental by 13.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock worth $234,000 after acquiring an additional 780 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of GFL Environmental during the 1st quarter worth approximately $459,000. Headlands Technologies LLC acquired a new stake in shares of GFL Environmental during the 1st quarter worth approximately $39,000. Finally, Element Capital Management LLC bought a new stake in shares of GFL Environmental during the first quarter valued at approximately $2,516,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s payout ratio is currently -3.76%.

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.