GFL Environmental Inc. (NYSE:GFL) Expected to Post Quarterly Sales of $1.20 Billion

Equities research analysts expect GFL Environmental Inc. (NYSE:GFLGet Rating) to post $1.20 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for GFL Environmental’s earnings, with the highest sales estimate coming in at $1.21 billion and the lowest estimate coming in at $1.18 billion. GFL Environmental reported sales of $1.07 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that GFL Environmental will report full-year sales of $4.72 billion for the current year, with estimates ranging from $4.70 billion to $4.74 billion. For the next financial year, analysts forecast that the business will report sales of $5.08 billion, with estimates ranging from $4.98 billion to $5.22 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow GFL Environmental.

GFL Environmental (NYSE:GFLGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.13 billion. GFL Environmental had a negative net margin of 4.68% and a positive return on equity of 2.93%.

GFL has been the topic of several research analyst reports. Raymond James upped their price objective on shares of GFL Environmental from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Atb Cap Markets reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Thursday, March 31st. Zacks Investment Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 17th. TD Securities lowered their price objective on shares of GFL Environmental from C$55.00 to C$51.00 in a research report on Monday. Finally, National Bank Financial decreased their target price on shares of GFL Environmental from C$55.00 to C$53.00 in a research report on Friday, April 22nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $44.95.

NYSE GFL opened at $27.22 on Thursday. The stock has a market cap of $9.21 billion, a P/E ratio of -37.81 and a beta of 1.31. The company’s 50-day simple moving average is $30.75 and its 200 day simple moving average is $33.96. GFL Environmental has a twelve month low of $25.91 and a twelve month high of $43.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were paid a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Thursday, April 14th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is -6.94%.

Several hedge funds and other institutional investors have recently bought and sold shares of GFL. SG Americas Securities LLC lifted its holdings in shares of GFL Environmental by 1.5% in the third quarter. SG Americas Securities LLC now owns 21,070 shares of the company’s stock worth $783,000 after buying an additional 312 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in GFL Environmental by 0.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 72,476 shares of the company’s stock worth $2,713,000 after acquiring an additional 626 shares during the period. Parallel Advisors LLC purchased a new stake in GFL Environmental in the fourth quarter worth $26,000. Advisor Group Holdings Inc. lifted its position in GFL Environmental by 25.3% during the third quarter. Advisor Group Holdings Inc. now owns 3,358 shares of the company’s stock valued at $125,000 after buying an additional 678 shares during the period. Finally, Key Financial Inc purchased a new position in GFL Environmental during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

GFL Environmental Company Profile (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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