Scotiabank Expects Reduced Earnings for GFL Environmental

GFL Environmental Inc. (NYSE:GFL) – Research analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for GFL Environmental in a note issued to investors on Thursday, February 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $0.75 per share for the year, down from their previous forecast of $0.86. Scotiabank currently has a “Sector Outperform” rating and a $56.00 target price on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share.

Several other research analysts have also recently weighed in on GFL. Royal Bank Of Canada boosted their price objective on shares of GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Citigroup cut their target price on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Weiss Ratings cut GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Wells Fargo & Company began coverage on GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating on the stock. Finally, UBS Group lifted their price objective on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

GFL Environmental Price Performance

GFL opened at $42.31 on Monday. The company’s 50-day simple moving average is $43.03 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $15.14 billion, a P/E ratio of 6.22, a P/E/G ratio of 3.29 and a beta of 0.88. GFL Environmental has a 52-week low of $40.83 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted ($0.58) earnings per share. GFL Environmental’s revenue was up 7.3% compared to the same quarter last year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were given a $0.0154 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently 0.88%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GFL. Norges Bank purchased a new position in shares of GFL Environmental during the 4th quarter valued at $149,466,000. Maverick Capital Ltd. increased its stake in GFL Environmental by 216.5% in the 4th quarter. Maverick Capital Ltd. now owns 5,023,417 shares of the company’s stock worth $215,761,000 after buying an additional 3,436,419 shares in the last quarter. Capital Research Global Investors increased its stake in GFL Environmental by 17.6% in the 4th quarter. Capital Research Global Investors now owns 21,863,632 shares of the company’s stock worth $939,043,000 after buying an additional 3,267,936 shares in the last quarter. Nordea Investment Management AB raised its holdings in GFL Environmental by 40.8% during the fourth quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company’s stock valued at $290,083,000 after acquiring an additional 1,932,442 shares during the period. Finally, UBS Group AG lifted its position in shares of GFL Environmental by 203.9% in the third quarter. UBS Group AG now owns 1,946,471 shares of the company’s stock valued at $92,224,000 after acquiring an additional 1,305,953 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.