National Bank Financial Comments on GFL Environmental Inc.’s Q2 2024 Earnings (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Equities researchers at National Bank Financial lifted their Q2 2024 earnings per share estimates for shares of GFL Environmental in a note issued to investors on Sunday, April 21st. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.28. The consensus estimate for GFL Environmental’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.02 EPS.

GFL Environmental (TSE:GFL) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.19). The business had revenue of C$1.88 billion during the quarter, compared to the consensus estimate of C$1.85 billion. GFL Environmental had a return on equity of 0.48% and a net margin of 0.60%.

GFL Environmental Trading Down 0.8 %

GFL opened at C$45.00 on Tuesday. The stock has a market cap of C$16.17 billion, a PE ratio of -346.15, a PEG ratio of -0.76 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 125.76. The business has a 50 day moving average of C$47.14 and a 200-day moving average of C$44.30. GFL Environmental has a 52 week low of C$36.56 and a 52 week high of C$51.83.

Insider Buying and Selling at GFL Environmental

In other news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$47.85, for a total value of C$461,513.25. 3.16% of the stock is owned by company insiders.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.019 per share. This is a boost from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, April 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. GFL Environmental’s payout ratio is presently -53.85%.

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.