Q2 2024 EPS Estimates for GFL Environmental Inc. Boosted by Analyst (NYSE:GFL)

GFL Environmental Inc. (NYSE:GFL) – Analysts at National Bank Financial lifted their Q2 2024 earnings estimates for GFL Environmental in a research report issued to clients and investors on Sunday, April 21st. National Bank Financial analyst R. Merer now expects that the company will earn $0.22 per share for the quarter, up from their previous estimate of $0.21. The consensus estimate for GFL Environmental’s current full-year earnings is $0.82 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.56 EPS and FY2025 earnings at $0.74 EPS.

Several other equities analysts have also recently commented on the stock. TheStreet raised shares of GFL Environmental from a “d+” rating to a “c” rating in a research report on Tuesday, February 20th. UBS Group assumed coverage on GFL Environmental in a report on Wednesday, January 31st. They set a “buy” rating and a $44.00 price target on the stock. Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Friday, January 19th. Royal Bank of Canada started coverage on shares of GFL Environmental in a report on Monday, April 8th. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.83.

GFL Environmental Stock Down 0.2 %

GFL Environmental stock opened at $33.10 on Tuesday. GFL Environmental has a fifty-two week low of $26.87 and a fifty-two week high of $39.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $32.69. The stock has a market cap of $12.29 billion, a PE ratio of -331.00 and a beta of 1.13.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.014 per share. The ex-dividend date is Friday, April 12th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. GFL Environmental’s dividend payout ratio (DPR) is -60.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GFL. Raymond James & Associates increased its position in GFL Environmental by 0.6% during the first quarter. Raymond James & Associates now owns 656,689 shares of the company’s stock valued at $22,656,000 after acquiring an additional 3,988 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of GFL Environmental by 3.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 463,216 shares of the company’s stock valued at $15,983,000 after purchasing an additional 14,625 shares during the period. Capital Insight Partners LLC increased its position in shares of GFL Environmental by 37.3% during the 1st quarter. Capital Insight Partners LLC now owns 34,830 shares of the company’s stock valued at $1,202,000 after purchasing an additional 9,462 shares during the last quarter. Threadgill Financial LLC bought a new position in shares of GFL Environmental in the 1st quarter worth approximately $349,000. Finally, Vanguard Group Inc. lifted its stake in shares of GFL Environmental by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock worth $249,558,000 after purchasing an additional 77,156 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

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.