GFL Environmental (GFL) Set to Announce Earnings on Wednesday

GFL Environmental (NYSE:GFL) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect GFL Environmental to post earnings of $0.06 per share for the quarter. GFL Environmental has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect GFL Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $32.62 on Tuesday. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $39.06. The stock’s 50 day moving average is $34.45 and its 200-day moving average is $32.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of -326.20 and a beta of 1.13.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Friday, April 12th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is -50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group initiated coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They issued a “buy” rating and a $44.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. BMO Capital Markets boosted their price objective on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Bank of America downgraded GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Friday, January 19th. Finally, TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, GFL Environmental has an average rating of “Moderate Buy” and an average price target of $42.83.

About GFL Environmental

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.