GFL Environmental (TSE:GFL) Sets New 1-Year Low – Here’s What Happened

Shares of GFL Environmental Inc. (TSE:GFL) reached a new 52-week low on Tuesday . The company traded as low as C$50.33 and last traded at C$50.36, with a volume of 118390 shares trading hands. The stock had previously closed at C$51.42.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research raised GFL Environmental to a “strong-buy” rating in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, GFL Environmental has an average rating of “Strong Buy”.

GFL Environmental Trading Down 1.9%

The stock has a fifty day moving average of C$57.65 and a 200 day moving average of C$59.67. The company has a debt-to-equity ratio of 135.90, a quick ratio of 0.57 and a current ratio of 1.51. The company has a market capitalization of C$18.20 billion, a PE ratio of 73.09, a PEG ratio of -0.76 and a beta of 0.23.

GFL Environmental (TSE:GFL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 EPS for the quarter. GFL Environmental had a return on equity of 3.01% and a net margin of 3.12%.The company had revenue of C$1.64 billion for the quarter. As a group, sell-side analysts predict that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were issued a $0.0169 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is currently 12.33%.

About GFL Environmental

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.