GFL Environmental Inc. to Post Q3 2024 Earnings of $0.32 Per Share, National Bank Financial Forecasts (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Research analysts at National Bank Financial boosted their Q3 2024 EPS estimates for GFL Environmental in a note issued to investors on Thursday, May 2nd. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.31. The consensus estimate for GFL Environmental’s current full-year earnings is $1.21 per share. National Bank Financial also issued estimates for GFL Environmental’s FY2025 earnings at $0.99 EPS.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.19). GFL Environmental had a net margin of 1.22% and a return on equity of 1.02%. The company had revenue of C$1.88 billion for the quarter, compared to analysts’ expectations of C$1.85 billion.

GFL Environmental Stock Up 2.3 %

GFL stock opened at C$45.91 on Monday. The firm’s fifty day moving average is C$46.39 and its 200 day moving average is C$44.39. The firm has a market cap of C$16.74 billion, a PE ratio of -344.92, a P/E/G ratio of -0.76 and a beta of 1.18. GFL Environmental has a one year low of C$36.56 and a one year high of C$51.83. The company has a debt-to-equity ratio of 130.18, a quick ratio of 0.57 and a current ratio of 0.84.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $0.019 per share. The ex-dividend date was Friday, April 12th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%.

Insider Activity at GFL Environmental

In other news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$47.85, for a total value of C$461,513.25. 3.14% of the stock is owned by company insiders.

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.