Scotiabank Analysts Increase Earnings Estimates for GFL

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of GFL Environmental in a research note issued on Thursday, September 10th. Scotiabank analyst K. Gupta now expects that the company will post earnings of $0.61 per share for the year, up from their prior estimate of $0.50. Scotiabank currently has a “Sector Outperform” rating and a $57.00 price target on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.65 per share. Scotiabank also issued estimates for GFL Environmental’s FY2027 earnings at $1.09 EPS.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. TD Cowen reiterated a “buy” rating and issued a $65.00 target price on shares of GFL Environmental in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Citigroup set a $51.00 price target on shares of GFL Environmental and gave the stock a “buy” rating in a report on Monday, July 6th. Barclays initiated coverage on GFL Environmental in a research note on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 price objective for the company. Finally, Weiss Ratings upgraded GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $55.44.

GFL Environmental Price Performance

GFL stock opened at $42.62 on Tuesday. The firm has a 50 day moving average of $41.05 and a 200-day moving average of $39.81. The firm has a market capitalization of $15.38 billion, a P/E ratio of -80.42, a price-to-earnings-growth ratio of 2.78 and a beta of 0.68. GFL Environmental has a 12 month low of $33.33 and a 12 month high of $48.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 13th were given a dividend of $0.0169 per share. The ex-dividend date was Monday, July 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is -11.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tobam increased its position in shares of GFL Environmental by 10.5% during the 4th quarter. Tobam now owns 3,079 shares of the company’s stock valued at $132,000 after purchasing an additional 293 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in GFL Environmental by 36.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock worth $56,000 after buying an additional 360 shares during the last quarter. MQS Management LLC lifted its position in GFL Environmental by 8.8% in the 1st quarter. MQS Management LLC now owns 7,815 shares of the company’s stock worth $326,000 after buying an additional 634 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in GFL Environmental in the first quarter worth approximately $32,000. Finally, Rockefeller Capital Management L.P. grew its position in GFL Environmental by 2.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 40,688 shares of the company’s stock valued at $1,748,000 after acquiring an additional 784 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

About GFL Environmental

GFL Environmental Inc is an environmental services company that provides waste management and infrastructure services to residential, commercial, industrial, municipal and institutional customers. Its operations include the collection, transfer, processing, recycling and disposal of solid waste, as well as the management of organic materials and other waste streams.

The company also provides environmental and infrastructure-related services, including soil remediation, dewatering, excavation, demolition and other site services.