GFL Environmental Inc. Expected to Post Q2 2024 Earnings of $0.30 Per Share (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for GFL Environmental in a research report issued to clients and investors on Sunday, April 21st. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.30 for the quarter, up from their previous estimate of $0.28. The consensus estimate for GFL Environmental’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.02 EPS.

GFL Environmental Stock Performance

TSE:GFL opened at C$45.00 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 125.76. The firm has a 50 day moving average of C$47.14 and a 200-day moving average of C$44.30. GFL Environmental has a 1 year low of C$36.56 and a 1 year high of C$51.83. The stock has a market capitalization of C$16.17 billion, a P/E ratio of -346.15, a price-to-earnings-growth ratio of -0.76 and a beta of 1.22.

GFL Environmental (TSE:GFL) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.19). GFL Environmental had a return on equity of 0.48% and a net margin of 0.60%. The firm had revenue of C$1.88 billion for the quarter, compared to analysts’ expectations of C$1.85 billion.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date is Friday, April 12th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.02. GFL Environmental’s payout ratio is -53.85%.

Insider Buying and Selling

In other GFL Environmental news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$47.85, for a total transaction of C$461,513.25. 3.16% of the stock is currently owned by corporate 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.