Equities Analysts Offer Predictions for GFL FY2027 Earnings

GFL Environmental Inc. (NYSE:GFL) – Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of GFL Environmental in a research note issued to investors on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.02 per share for the year, down from their prior forecast of $1.11. Scotiabank currently has a “Sector Outperform” rating and a $56.00 price target on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share.

A number of other research firms have also commented on GFL. Barclays lifted their price objective on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. The Goldman Sachs Group started coverage on GFL Environmental in a research report on Monday, November 24th. They issued a “neutral” rating and a $50.00 price target on the stock. Weiss Ratings cut GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Citigroup lowered their target price on GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, Wells Fargo & Company assumed coverage on GFL Environmental in a report on Thursday, November 13th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.67.

GFL Environmental Stock Down 1.9%

GFL stock opened at $42.64 on Friday. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 3.24 and a beta of 0.88. The company has a fifty day moving average price of $43.10 and a 200 day moving average price of $45.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.69. GFL Environmental has a 12 month low of $40.83 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GFL. EverSource Wealth Advisors LLC boosted its position in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of GFL Environmental by 4.1% in the third quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock valued at $310,000 after purchasing an additional 256 shares during the period. AGP Franklin LLC boosted its holdings in GFL Environmental by 3.7% during the second quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock worth $375,000 after buying an additional 262 shares in the last quarter. Jones Financial Companies Lllp grew its position in GFL Environmental by 21.9% during the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock worth $75,000 after buying an additional 289 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were paid a $0.0154 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s payout ratio is 0.88%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.