Q4 Earnings Forecast for TSE:GFL Issued By Atb Cap Markets

GFL Environmental Inc. (TSE:GFL) – Equities researchers at Atb Cap Markets dropped their Q4 2024 EPS estimates for shares of GFL Environmental in a research note issued on Thursday, November 7th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.31. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $2.00 EPS.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The company had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion.

Separately, Scotiabank raised shares of GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

GFL Environmental Trading Up 0.2 %

Shares of TSE GFL opened at C$61.72 on Monday. GFL Environmental has a 1-year low of C$36.56 and a 1-year high of C$64.60. The company has a market cap of C$23.50 billion, a PE ratio of -30.11, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 145.69. The company has a 50-day moving average of C$56.08 and a two-hundred day moving average of C$52.78.

Insider Activity at GFL Environmental

In other news, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. In related news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$54.83, for a total transaction of C$2,408,604.94. Also, Director Patrick Joseph Dovigi sold 600,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$53.39, for a total value of C$32,036,634.00. In the last 90 days, insiders sold 687,224 shares of company stock valued at $36,805,967. 2.96% of the stock is owned by company insiders.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is -3.90%.

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.