Q4 EPS Forecast for GFL Environmental Increased by Analyst

GFL Environmental Inc. (TSE:GFL) – Research analysts at Atb Cap Markets increased 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 forecasts 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 research report on Friday, October 4th.

GFL Environmental Stock Performance

Shares of TSE:GFL opened at C$63.69 on Friday. The business’s 50-day simple moving average is C$63.59 and its 200 day simple moving average is C$57.92. The company has a market cap of C$24.25 billion, a P/E ratio of -31.07, a PEG ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. GFL Environmental has a one year low of C$41.90 and a one year high of C$68.43.

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

GFL Environmental Cuts Dividend

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