GFL Environmental Inc. (NYSE:GFL) Forecasted to Post FY2025 Earnings of $0.72 Per Share

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at National Bank Financial cut their FY2025 earnings per share estimates for GFL Environmental in a research report issued to clients and investors on Thursday, May 2nd. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.72 per share for the year, down from their prior forecast of $0.74. The consensus estimate for GFL Environmental’s current full-year earnings is $0.70 per share.

A number of other analysts have also commented on the company. TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a research report on Tuesday, February 20th. BMO Capital Markets raised their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Bank of America cut shares of 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 GFL Environmental in a research report on Monday, April 8th. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.83.

GFL Environmental Trading Down 2.0 %

GFL stock opened at $32.78 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 1.29. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $39.06. The company has a market cap of $12.17 billion, a P/E ratio of 51.22 and a beta of 1.15. The business has a fifty day moving average of $34.20 and a 200-day moving average of $32.75.

GFL Environmental (NYSE:GFL) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, April 12th.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in shares of GFL Environmental by 4.5% in the third quarter. Raymond James & Associates now owns 396,908 shares of the company’s stock valued at $12,606,000 after purchasing an additional 17,048 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in GFL Environmental by 35.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,632 shares of the company’s stock worth $401,000 after acquiring an additional 3,313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GFL Environmental by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,653 shares of the company’s stock worth $1,265,000 after acquiring an additional 828 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of GFL Environmental by 0.6% in the third quarter. Mackenzie Financial Corp now owns 183,174 shares of the company’s stock valued at $5,683,000 after purchasing an additional 1,171 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in GFL Environmental by 43.1% during the third quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company’s stock worth $80,000 after purchasing an additional 762 shares during the last quarter. 64.70% of the stock is owned by 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.