Atb Cap Markets Has Bearish Estimate for GFL FY2025 Earnings

GFL Environmental Inc. (NYSE:GFL) – Equities researchers at Atb Cap Markets dropped their FY2025 earnings estimates for GFL Environmental in a research report issued to clients and investors on Thursday, November 6th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $0.46 per share for the year, down from their previous estimate of $0.50. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q3 2027 earnings at $0.40 EPS.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. GFL Environmental has set its FY 2025 guidance at EPS.

GFL has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research report on Friday. William Blair assumed coverage on GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating on the stock. Citigroup upped their target price on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Scotiabank set a $58.00 price target on GFL Environmental in a research report on Friday, October 10th. Finally, Raymond James Financial set a $57.00 price objective on GFL Environmental and gave the stock an “outperform” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $57.97.

GFL Environmental Stock Up 1.6%

NYSE GFL opened at $43.67 on Monday. GFL Environmental has a 12 month low of $41.29 and a 12 month high of $52.00. The company has a market capitalization of $15.87 billion, a P/E ratio of 6.84 and a beta of 1.14. The company’s 50 day simple moving average is $45.97 and its 200 day simple moving average is $48.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.67.

Institutional Investors Weigh In On GFL Environmental

Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in GFL Environmental during the 2nd quarter worth about $171,945,000. American Century Companies Inc. lifted its position in shares of GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company’s stock worth $218,134,000 after purchasing an additional 2,102,663 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of GFL Environmental by 30.1% during the second quarter. CIBC Asset Management Inc now owns 4,015,118 shares of the company’s stock worth $202,625,000 after purchasing an additional 927,798 shares during the period. 1832 Asset Management L.P. purchased a new position in GFL Environmental during the first quarter valued at approximately $27,150,000. Finally, Ghisallo Capital Management LLC purchased a new position in GFL Environmental during the first quarter valued at approximately $26,570,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.0154 per share. The ex-dividend date was Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s payout ratio is currently 0.94%.

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.