GFL Environmental Inc. Forecasted to Earn Q1 2023 Earnings of ($0.09) Per Share (TSE:GFL)

Posted by Defense World Staff on Apr 27th, 2023

GFL Environmental Inc. (TSE:GFL – Get Rating) – National Bank Financial lowered their Q1 2023 earnings per share estimates for GFL Environmental in a research note issued on Sunday, April 23rd. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.05). National Bank Financial has a “Outperfrom Under Weight” rating on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.85 per share.

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

Separately, Royal Bank of Canada reaffirmed a “buy” rating and issued a C$39.00 price target on shares of GFL Environmental in a report on Thursday, March 9th.

GFL Environmental Price Performance

Shares of TSE:GFL opened at C$45.62 on Wednesday. GFL Environmental has a 12 month low of C$31.57 and a 12 month high of C$48.11. The stock has a market cap of C$16.30 billion, a price-to-earnings ratio of -61.65, a PEG 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. 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 Increases Dividend

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

GFL Environmental Company Profile

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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.