GFL Environmental (NYSE:GFL) Issues Quarterly Earnings Results


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GFL Environmental (NYSE:GFL) posted its quarterly earnings data on Sunday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03, Fidelity Earnings reports.

NYSE:GFL traded down $0.38 during trading hours on Tuesday, hitting $29.06. The company’s stock had a trading volume of 247,353 shares, compared to its average volume of 694,870. The stock has a fifty day simple moving average of $29.59 and a 200-day simple moving average of $24.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.00 and a current ratio of 3.00. GFL Environmental has a twelve month low of $11.92 and a twelve month high of $32.25.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Tuesday, January 19th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.14%. The ex-dividend date was Friday, January 15th.

Several research analysts have weighed in on GFL shares. Barclays started coverage on GFL Environmental in a research report on Friday, January 29th. They set an “equal weight” rating on the stock. Zacks Investment Research upgraded GFL Environmental from a “sell” rating to a “hold” rating in a research report on Wednesday, February 17th. TD Securities raised their price target on GFL Environmental from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, December 9th. BMO Capital Markets raised their price target on GFL Environmental from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. Finally, CIBC raised their price target on GFL Environmental from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, December 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.83.

About GFL Environmental

GFL Environmental Inc operates as a diversified environmental services company in North America. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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