Research Analysts Set Expectations for TSE:GFL Q4 Earnings

GFL Environmental Inc. (TSE:GFL) – Atb Cap Markets cut their Q4 2024 earnings per share estimates for shares of GFL Environmental in a report issued on Thursday, November 7th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.31. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $2.00 EPS.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The business had revenue of C$2.01 billion during the quarter, compared to analyst estimates of C$2.06 billion. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%.

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a report on Friday, October 4th.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at C$61.72 on Monday. GFL Environmental has a twelve month low of C$36.56 and a twelve month high of C$64.60. The business has a 50-day moving average price of C$56.08 and a 200 day moving average price of C$52.78. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The firm has a market cap of C$23.50 billion, a PE ratio of -30.11, a P/E/G ratio of -0.76 and a beta of 1.03.

Insider Transactions at GFL Environmental

In related news, Director Patrick Joseph Dovigi sold 600,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$53.39, for a total value of C$32,036,634.00. In other GFL Environmental news, Senior Officer Mindy Beth Gilbert sold 6,698 shares of GFL Environmental stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$54.39, for a total value of C$364,304.22. Also, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. Over the last quarter, insiders sold 687,224 shares of company stock worth $36,805,967. Company insiders own 2.96% of the company’s stock.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a dividend of $0.019 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is -3.90%.

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.