GFL Environmental (TSE:GFL) Trading Up 4.6% – Still a Buy?

GFL Environmental Inc. (TSE:GFL) shares traded up 4.6% during mid-day trading on Friday . The stock traded as high as C$59.92 and last traded at C$59.54. Approximately 949,974 shares traded hands during trading, an increase of 51% from the average daily volume of 630,651 shares. The stock had previously closed at C$56.90.

GFL Environmental Stock Up 4.6%

The company has a current ratio of 0.75, a quick ratio of 0.57 and a debt-to-equity ratio of 137.83. The stock has a 50 day simple moving average of C$55.99 and a 200 day simple moving average of C$55.22. The firm has a market capitalization of C$21.49 billion, a PE ratio of -121.51, a PEG ratio of -0.76 and a beta of 0.11.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.19 earnings per share for the quarter. GFL Environmental had a negative return on equity of 3.32% and a negative net margin of 3.26%.The firm had revenue of C$1.95 billion during the quarter. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.07 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently -17.74%.

GFL Environmental Company Profile

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.