GFL Environmental (TSE:GFL) Shares Down 0.7%

Shares of GFL Environmental Inc. (TSE:GFL – Get Rating) were down 0.7% during mid-day trading on Wednesday . The stock traded as low as C$49.00 and last traded at C$49.35. Approximately 152,646 shares traded hands during trading, a decline of 50% from the average daily volume of 304,006 shares. The stock had previously closed at C$49.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GFL shares. Royal Bank of Canada reissued a “buy” rating and set a C$39.00 target price on shares of GFL Environmental in a research note on Thursday, March 9th. National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of GFL Environmental in a research note on Tuesday, January 31st.

GFL Environmental Price Performance

The stock has a market capitalization of C$17.81 billion, a PE ratio of -28.99, a price-to-earnings-growth ratio of -0.76 and a beta of 1.34. The stock’s 50 day moving average is C$47.44 and its two-hundred day moving average is C$42.78. The company has a debt-to-equity ratio of 143.22, a quick ratio of 0.57 and a current ratio of 1.50.

GFL Environmental (TSE:GFL – Get Rating) last released its earnings results on Tuesday, February 21st. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.10). GFL Environmental had a negative return on equity of 8.50% and a negative net margin of 7.80%. The business had revenue of C$1.82 billion during the quarter, compared to analysts’ expectations of C$1.76 billion. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.8864836 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Monday, April 17th were paid a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.14%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, April 14th. GFL Environmental’s dividend payout ratio (DPR) is -4.09%.

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.