GFL Environmental Inc. to Post Q3 2024 Earnings of $0.25 Per Share, National Bank Financial Forecasts (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Equities researchers at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for GFL Environmental in a report released on Thursday, August 1st. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.25 per share for the quarter, down from their previous estimate of $0.27. The consensus estimate for GFL Environmental’s current full-year earnings is $1.21 per share. National Bank Financial also issued estimates for GFL Environmental’s Q4 2024 earnings at $0.06 EPS and FY2024 earnings at $0.60 EPS.

Separately, BMO Capital Markets cut shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 9th.

GFL Environmental Price Performance

Shares of TSE:GFL opened at C$53.83 on Monday. GFL Environmental has a one year low of C$36.56 and a one year high of C$56.41. The company has a 50-day simple moving average of C$52.15 and a 200-day simple moving average of C$48.25. The company has a debt-to-equity ratio of 130.18, a quick ratio of 0.57 and a current ratio of 0.84. The stock has a market capitalization of C$19.63 billion, a price-to-earnings ratio of -344.92, a PEG ratio of -0.76 and a beta of 1.20.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were given a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Monday, July 15th.

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.