FY2025 EPS Estimates for GFL Environmental Inc. (NYSE:GFL) Lowered by National Bank Financial

GFL Environmental Inc. (NYSE:GFL) – Research analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of GFL Environmental in a note issued to investors on Thursday, May 2nd. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.72 per share for the year, down from their previous forecast of $0.74. The consensus estimate for GFL Environmental’s current full-year earnings is $0.70 per share.

GFL Environmental (NYSE:GFL) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a net margin of 1.25% and a return on equity of 4.51%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion.

A number of other research firms also recently commented on GFL. TD Cowen lifted their target price on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets increased their target price on shares of GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. UBS Group initiated coverage on GFL Environmental in a research report on Wednesday, January 31st. They issued a “buy” rating and a $44.00 target price on the stock. Royal Bank of Canada began coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target for the company. Finally, Bank of America downgraded GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

GFL Environmental Trading Up 1.8 %

GFL opened at $33.44 on Monday. The stock has a market capitalization of $12.41 billion, a PE ratio of 51.22 and a beta of 1.15. GFL Environmental has a one year low of $26.87 and a one year high of $39.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50 day moving average price is $34.12 and its 200 day moving average price is $32.77.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a $0.014 dividend. The ex-dividend date of this dividend was Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%.

Institutional Investors Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of GFL. Signaturefd LLC increased its holdings in GFL Environmental by 48.9% in the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after buying an additional 387 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of GFL Environmental by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 20,228 shares of the company’s stock worth $647,000 after acquiring an additional 404 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in GFL Environmental by 60.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in GFL Environmental by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,322 shares of the company’s stock worth $460,000 after purchasing an additional 690 shares during the last quarter. Finally, Tobam acquired a new position in GFL Environmental in the first quarter valued at approximately $25,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.