Q2 2024 EPS Estimates for GFL Environmental Inc. (NYSE:GFL) Increased by National Bank Financial

GFL Environmental Inc. (NYSE:GFL) – Stock analysts at National Bank Financial lifted their Q2 2024 earnings per share (EPS) estimates for GFL Environmental in a report issued on Sunday, April 21st. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.21. The consensus estimate for GFL Environmental’s current full-year earnings is $0.82 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.56 EPS and FY2025 earnings at $0.74 EPS.

GFL has been the topic of several other research reports. UBS Group started coverage on GFL Environmental in a report on Wednesday, January 31st. They set a “buy” rating and a $44.00 target price on the stock. Bank of America cut GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Friday, January 19th. Jefferies Financial Group boosted their target price on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. TheStreet upgraded shares of GFL Environmental from a “d+” rating to a “c” rating in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $33.21 on Tuesday. GFL Environmental has a 12 month low of $26.87 and a 12 month high of $39.06. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of -332.10 and a beta of 1.13. The stock’s 50 day moving average price is $34.78 and its 200 day moving average price is $32.69. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.82 and a quick ratio of 0.82.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of GFL Environmental by 48.9% during the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock worth $41,000 after acquiring an additional 387 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of GFL Environmental by 2.0% during the third 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 raised its holdings in shares of 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 acquiring an additional 454 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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 acquiring an additional 690 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of GFL Environmental by 43.1% during the third quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company’s stock worth $80,000 after acquiring an additional 762 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.014 per share. The ex-dividend date is 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 yield of 0.17%. GFL Environmental’s payout ratio is presently -60.00%.

GFL Environmental Company Profile

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.