GFL Environmental Inc. (NYSE:GFL – Get Rating) – Research analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for shares of GFL Environmental in a research note issued on Thursday, April 21st. National Bank Financial analyst R. Merer forecasts that the company will earn ($0.06) per share for the quarter. National Bank Financial also issued estimates for GFL Environmental’s Q2 2022 earnings at $0.08 EPS, Q3 2022 earnings at $0.13 EPS and Q4 2022 earnings at $0.06 EPS.
A number of other equities research analysts have also weighed in on GFL. Raymond James lifted their price objective on GFL Environmental from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities lowered their price objective on GFL Environmental from C$56.00 to C$55.00 in a research note on Tuesday, February 15th. Atb Cap Markets reiterated an “outperform” rating on shares of GFL Environmental in a research note on Thursday, March 31st. Zacks Investment Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 17th. Finally, CIBC lowered their price objective on GFL Environmental from C$58.00 to C$56.00 in a research note on Friday, February 11th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $45.35.
GFL Environmental (NYSE:GFL – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.13 billion. GFL Environmental had a positive return on equity of 2.80% and a negative net margin of 9.39%.
Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of GFL Environmental in the fourth quarter worth $26,000. Key Financial Inc bought a new stake in shares of GFL Environmental in the fourth quarter worth $28,000. Fifth Third Bancorp bought a new stake in shares of GFL Environmental in the fourth quarter worth $35,000. Exane Derivatives grew its holdings in shares of GFL Environmental by 5,172.2% in the fourth quarter. Exane Derivatives now owns 949 shares of the company’s stock worth $36,000 after acquiring an additional 931 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of GFL Environmental in the third quarter worth $63,000. Hedge funds and other institutional investors own 58.78% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 18th will be paid a $0.012 dividend. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $0.05 annualized dividend and a dividend yield of 0.15%. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is currently -3.97%.
About GFL Environmental (Get Rating)
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.
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