GFL Environmental Inc. (NYSE:GFL – Free Report) – Equities research analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for GFL Environmental in a report released on Wednesday, March 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.46 per share for the year, down from their prior forecast of $1.55. Scotiabank has a “Sector Outperform” rating and a $52.00 price objective on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share.
GFL Environmental (NYSE:GFL – Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%.
Check Out Our Latest Stock Analysis on GFL
GFL Environmental Stock Up 1.0 %
GFL opened at $48.63 on Monday. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $49.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a fifty day moving average of $45.24 and a 200-day moving average of $43.79. The company has a market capitalization of $19.13 billion, a P/E ratio of -36.56 and a beta of 1.16.
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s payout ratio is -3.23%.
Hedge Funds Weigh In On GFL Environmental
Several hedge funds and other institutional investors have recently bought and sold shares of GFL. Blue Trust Inc. increased its stake in shares of GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in GFL Environmental in the 4th quarter valued at about $27,000. Continuum Advisory LLC lifted its holdings in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after acquiring an additional 254 shares during the period. Natixis bought a new stake in shares of GFL Environmental during the 4th quarter worth $49,000. Finally, Avior Wealth Management LLC bought a new stake in GFL Environmental in the third quarter worth about $82,000. Institutional investors and hedge funds own 64.70% 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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