GFL Environmental (TSE:GFL) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

GFL Environmental (TSE:GFL) announced its quarterly earnings results on Wednesday. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01, reports. 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 during the quarter, compared to analysts’ expectations of C$2.06 billion.

GFL Environmental Price Performance

Shares of GFL opened at C$62.80 on Friday. The firm has a market cap of C$23.91 billion, a PE ratio of -30.63, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. GFL Environmental has a 52-week low of C$36.56 and a 52-week high of C$64.60. The business’s 50 day moving average price is C$55.94 and its two-hundred day moving average price is C$52.44. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is -3.90%.

Insider Buying and Selling

In other GFL Environmental news, Director Patrick Joseph Dovigi sold 8,820 shares of GFL Environmental stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$39.91, for a total value of C$352,018.55. In related news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$54.83, for a total value of C$2,408,604.94. Also, Director Patrick Joseph Dovigi sold 8,820 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$39.91, for a total transaction of C$352,018.55. Insiders have sold a total of 696,044 shares of company stock valued at $37,157,985 over the last ninety days. 2.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

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.