GFL Environmental (TSE:GFL) Releases Earnings Results

GFL Environmental (TSE:GFL) announced its quarterly earnings data on Wednesday. The company reported C$0.37 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$2.16 billion during the quarter. GFL Environmental had a negative net margin of 3.26% and a negative return on equity of 3.32%.

GFL Environmental Price Performance

GFL traded down C$2.36 on Wednesday, hitting C$60.91. 906,370 shares of the company’s stock traded hands, compared to its average volume of 699,583. The company’s 50 day simple moving average is C$59.61 and its 200-day simple moving average is C$56.63. The firm has a market cap of C$26.56 billion, a price-to-earnings ratio of -124.31, a P/E/G ratio of -0.76 and a beta of 0.00. GFL Environmental has a one year low of C$46.12 and a one year high of C$65.70. The company has a current ratio of 0.75, a quick ratio of 0.57 and a debt-to-equity ratio of 137.83.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be given a dividend of $0.0169 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.07 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently -17.74%.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

About GFL Environmental

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.