What is Scotiabank’s Forecast for TSE:GFL FY2024 Earnings?

GFL Environmental Inc. (TSE:GFL) – Stock analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of GFL Environmental in a note issued to investors on Wednesday, January 8th. Scotiabank analyst K. Gupta anticipates that the company will post earnings of $0.91 per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Scotiabank also issued estimates for GFL Environmental’s FY2025 earnings at $1.74 EPS and FY2026 earnings at $2.23 EPS.

GFL Environmental Stock Up 0.1 %

Shares of GFL stock opened at C$63.75 on Monday. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. GFL Environmental has a one year low of C$41.90 and a one year high of C$68.43. The company’s fifty day moving average price is C$63.82 and its 200-day moving average price is C$58.04. The company has a market capitalization of C$24.27 billion, a price-to-earnings ratio of -31.10, a PEG ratio of -0.76 and a beta of 1.03.

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

GFL Environmental Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a dividend of $0.014 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.09%. GFL Environmental’s dividend payout ratio is presently -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.