Scotiabank Expects Reduced Earnings for GFL Environmental

GFL Environmental Inc. (NYSE:GFL) – Equities research analysts at Scotiabank reduced their FY2026 earnings estimates for shares of GFL Environmental in a research report issued on Wednesday, March 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.46 per share for the year, down from their prior forecast of $1.55. Scotiabank currently has a “Sector Outperform” rating and a $52.00 price objective on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.

GFL has been the topic of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

GFL Environmental Trading Up 0.5 %

Shares of GFL Environmental stock opened at $48.05 on Monday. The firm’s 50-day moving average price is $45.14 and its two-hundred day moving average price is $43.73. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of -36.13 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87.

Institutional Investors Weigh In On GFL Environmental

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new position in shares of GFL Environmental during the 4th quarter worth about $93,343,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in GFL Environmental in the fourth quarter valued at approximately $2,203,000. Polar Asset Management Partners Inc. increased its holdings in shares of GFL Environmental by 241.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company’s stock valued at $5,344,000 after acquiring an additional 84,851 shares in the last quarter. Mackenzie Financial Corp lifted its position in GFL Environmental by 74.2% in the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company’s stock valued at $10,302,000 after acquiring an additional 98,539 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in GFL Environmental by 21.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company’s stock worth $846,000 after purchasing an additional 3,295 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -3.23%.

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.