GFL Environmental (TSE:GFL) Announces Earnings Results

GFL Environmental (TSE:GFL) released its quarterly earnings results on Wednesday. The company reported C$0.37 earnings per share for the quarter, FiscalAI reports. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%.The firm had revenue of C$1.69 billion during the quarter.

GFL Environmental Trading Up 2.2%

Shares of TSE:GFL opened at C$59.78 on Thursday. GFL Environmental has a 52-week low of C$56.76 and a 52-week high of C$71.82. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58. The company has a market capitalization of C$20.80 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of -0.76 and a beta of 0.05. The company has a 50-day simple moving average of C$59.56 and a 200 day simple moving average of C$63.25.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GFL shares. The Goldman Sachs Group upgraded GFL Environmental to a “hold” rating in a report on Monday, November 24th. Wells Fargo & Company upgraded GFL Environmental to a “strong-buy” rating in a research note on Thursday, November 13th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, GFL Environmental currently has an average rating of “Strong Buy”.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.