GFL Environmental (GFL) to Release Quarterly Earnings on Wednesday

GFL Environmental (NYSE:GFL) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect GFL Environmental to post earnings of $0.06 per share for the quarter. GFL Environmental has set its FY 2024 guidance at EPS.Persons interested in participating in 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 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates 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 Stock Performance

NYSE GFL opened at $33.21 on Wednesday. The company has a market cap of $12.33 billion, a P/E ratio of -332.10 and a beta of 1.13. The company has a fifty day simple moving average of $34.78 and a 200 day simple moving average of $32.69. 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 has a 12-month low of $26.87 and a 12-month high of $39.06.

GFL Environmental Increases Dividend

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

Analysts Set New Price Targets

GFL has been the subject of several research reports. Jefferies Financial Group increased their price target on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets raised their target price on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. TheStreet raised shares of GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. 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, Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.