Scotiabank Has Positive Forecast for GFL FY2026 Earnings

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of GFL Environmental in a report issued on Friday, January 23rd. Scotiabank analyst K. Gupta now forecasts that the company will earn $0.86 per share for the year, up from their prior forecast of $0.77. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for GFL Environmental’s FY2027 earnings at $1.11 EPS.

Several other analysts have also recently issued reports on GFL. Raymond James Financial set a $57.00 price objective on GFL Environmental and gave the company an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group initiated coverage on GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 price objective on the stock. Stifel Nicolaus started coverage on shares of GFL Environmental in a research note on Tuesday, September 30th. They set a “buy” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of GFL Environmental in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.56.

GFL Environmental Trading Down 1.5%

GFL opened at $43.80 on Monday. GFL Environmental has a 12-month low of $40.83 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $15.73 billion, a PE ratio of 6.87 and a beta of 0.88. The firm’s fifty day moving average price is $43.84 and its 200 day moving average price is $45.98.

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 analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be given a dividend of $0.0154 per share. The ex-dividend date is Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC acquired a new stake in GFL Environmental in the 2nd quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in shares of GFL Environmental in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares during the last quarter. Compass Financial Services Inc boosted its stake in shares of GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.