GFL Environmental (GFL) to Release Quarterly Earnings on Wednesday

GFL Environmental (NYSE:GFL) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.06 per share for the quarter. GFL Environmental has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect GFL Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $32.05 on Monday. The stock has a fifty day simple moving average of $34.54 and a two-hundred day simple moving average of $32.68. GFL Environmental has a 1-year low of $26.87 and a 1-year high of $39.06. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of -320.50 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25.

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 $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is -60.00%.

Analyst Ratings Changes

A number of research analysts recently commented on GFL shares. Royal Bank of Canada started coverage on GFL Environmental in a research note on Monday, April 8th. They issued an “outperform” rating and a $46.00 target price on the stock. Jefferies Financial Group raised their price objective on GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets raised their price objective on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. TheStreet raised GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price objective on GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.83.

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.