National Bank Financial Comments on GFL Environmental Inc.’s Q3 2024 Earnings (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Stock analysts at National Bank Financial raised their Q3 2024 earnings per share estimates for GFL Environmental in a report issued on Thursday, May 2nd. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.32 per share for the quarter, up from their prior estimate 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 released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.19). The firm had revenue of C$1.88 billion for the quarter, compared to analyst estimates of C$1.85 billion. GFL Environmental had a return on equity of 1.02% and a net margin of 1.22%.

GFL Environmental Price Performance

TSE:GFL opened at C$45.91 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 130.18. The firm has a fifty day simple moving average of C$46.39 and a 200 day simple moving average of C$44.39. 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$16.74 billion, a PE ratio of -344.92, a P/E/G ratio of -0.76 and a beta of 1.18.

GFL Environmental Increases Dividend

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

Insider Transactions at GFL Environmental

In other news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the firm’s stock in a transaction that occurred 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. 3.14% of the stock is owned by corporate insiders.

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.