Atb Cap Markets Brokers Reduce Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

Posted by Defense World Staff on Apr 27th, 2023

GFL Environmental Inc. (TSE:GFL – Get Rating) – Atb Cap Markets dropped their Q1 2023 earnings per share estimates for shares of GFL Environmental in a research report issued to clients and investors on Sunday, April 23rd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of ($0.07) for the quarter, down from their previous estimate of $0.02. The consensus estimate for GFL Environmental’s current full-year earnings is $0.85 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.42 EPS, Q4 2023 earnings at $0.23 EPS, FY2023 earnings at $0.98 EPS and Q1 2024 earnings at $0.17 EPS.

A number of other analysts also recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and set a C$39.00 target price on shares of GFL Environmental in a research report on Thursday, March 9th. National Bank Financial reissued an “outperfrom under weight” rating on shares of GFL Environmental in a report on Tuesday, January 31st.

GFL Environmental Stock Down 2.5 %

GFL Environmental stock opened at C$45.62 on Wednesday. The company has a debt-to-equity ratio of 160.14, a current ratio of 0.51 and a quick ratio of 0.57. GFL Environmental has a 1-year low of C$31.57 and a 1-year high of C$48.11. The company has a market cap of C$16.30 billion, a PE ratio of -61.65, a price-to-earnings-growth ratio of -0.76 and a beta of 1.34. The stock’s 50 day moving average price is C$44.73 and its 200 day moving average price is C$40.73.

GFL Environmental (TSE:GFL – Get Rating) last announced its earnings results on Tuesday, February 21st. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.10). GFL Environmental had a negative net margin of 4.61% and a negative return on equity of 3.10%. The company had revenue of C$1.82 billion during the quarter, compared to analysts’ expectations of C$1.76 billion.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, April 17th will be paid a dividend of $0.018 per share. The ex-dividend date is Friday, April 14th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.16%. GFL Environmental’s dividend payout ratio is currently -9.46%.

About GFL Environmental

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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.