GFL Environmental (TSE:GFL) Issues Quarterly Earnings Results

GFL Environmental (TSE:GFL) posted its quarterly earnings data on Wednesday. The company reported C$0.08 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.64 billion for the quarter. GFL Environmental had a negative net margin of 22.76% and a negative return on equity of 21.15%.

GFL Environmental Trading Down 1.3%

Shares of TSE:GFL opened at C$54.50 on Friday. The company’s 50-day moving average price is C$57.65 and its two-hundred day moving average price is C$59.73. The company has a debt-to-equity ratio of 114.80, a current ratio of 0.58 and a quick ratio of 0.57. GFL Environmental has a one year low of C$50.86 and a one year high of C$71.82. The stock has a market capitalization of C$19.67 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of -0.76 and a beta of 0.23.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 annualized dividend and a yield of 0.1%. GFL Environmental’s payout ratio is 0.85%.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, March 13th. Five research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About GFL Environmental

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.