Q2 2024 EPS Estimates for GFL Environmental Inc. Raised by National Bank Financial (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Equities research analysts at National Bank Financial boosted their Q2 2024 EPS estimates for GFL Environmental in a research note issued on Sunday, April 21st. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.28. The consensus estimate for GFL Environmental’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.02 EPS.

GFL Environmental (TSE:GFL) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.19). GFL Environmental had a return on equity of 0.48% and a net margin of 0.60%. The firm had revenue of C$1.88 billion for the quarter, compared to analysts’ expectations of C$1.85 billion.

GFL Environmental Stock Down 0.0 %

GFL Environmental stock opened at C$45.37 on Tuesday. GFL Environmental has a fifty-two week low of C$36.56 and a fifty-two week high of C$51.83. The stock has a market cap of C$16.30 billion, a PE ratio of -349.00, a price-to-earnings-growth ratio of -0.76 and a beta of 1.22. The firm’s 50-day simple moving average is C$47.21 and its 200 day simple moving average is C$44.30. The company has a debt-to-equity ratio of 125.76, a quick ratio of 0.57 and a current ratio of 0.82.

Insider Activity at GFL Environmental

In related news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$47.85, for a total value of C$461,513.25. 3.16% of the stock is currently owned by corporate insiders.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.019 per share. The ex-dividend date is Friday, April 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.17%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. GFL Environmental’s dividend payout ratio (DPR) is presently -53.85%.

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.