GFL Environmental (TSE:GFL) Trading Up 4.6% – Here’s Why

GFL Environmental Inc. (TSE:GFL)’s share price traded up 4.6% on Friday . The company traded as high as C$59.92 and last traded at C$59.54. 949,974 shares traded hands during trading, an increase of 51% from the average session volume of 630,651 shares. The stock had previously closed at C$56.90.

GFL Environmental Stock Up 4.6%

The company has a market capitalization of C$21.49 billion, a P/E ratio of -121.51, a PEG ratio of -0.76 and a beta of 0.11. The company has a debt-to-equity ratio of 137.83, a current ratio of 0.75 and a quick ratio of 0.57. The company has a 50 day moving average of C$55.99 and a 200-day moving average of C$55.22.

GFL Environmental (TSE:GFL) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$1.95 billion during the quarter. GFL Environmental had a negative return on equity of 3.32% and a negative net margin of 3.26%. As a group, equities analysts anticipate that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s payout ratio is -17.74%.

GFL Environmental Company Profile

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.