GFL Environmental (NYSE:GFL) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

GFL Environmental (NYSE:GFL) announced its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, Zacks reports. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental updated its FY 2025 guidance to EPS.

GFL Environmental Stock Performance

GFL opened at $44.10 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $44.43 and a two-hundred day moving average of $43.12. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87. The firm has a market capitalization of $17.35 billion, a PE ratio of -33.16 and a beta of 1.17.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GFL shares. Citigroup started coverage on GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday. Scotiabank dropped their target price on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday. Finally, UBS Group boosted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.56.

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.