GFL Environmental Inc. Forecasted to Post Q2 2022 Earnings of $0.14 Per Share (TSE:GFL)

GFL Environmental Inc. (TSE:GFL – Get Rating) – Equities researchers at National Bank Financial decreased their Q2 2022 earnings estimates for GFL Environmental in a research report issued to clients and investors on Sunday, July 24th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.16. The consensus estimate for GFL Environmental’s current full-year earnings is $1.03 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2022 earnings at $0.23 EPS, Q4 2022 earnings at $0.11 EPS and FY2022 earnings at $0.54 EPS.

A number of other research firms also recently issued reports on GFL. Atb Cap Markets reissued an “outperform” rating on shares of GFL Environmental in a report on Thursday, March 31st. BMO Capital Markets assumed coverage on shares of GFL Environmental in a report on Friday, May 6th. They issued a “buy” rating and a C$42.00 price objective on the stock. Finally, ATB Capital lifted their price target on shares of GFL Environmental to C$48.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, GFL Environmental has a consensus rating of “Buy” and a consensus price target of C$51.94.

GFL Environmental Stock Performance

GFL opened at C$35.16 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.42 and a debt-to-equity ratio of 147.93. The company has a market cap of C$12.03 billion and a price-to-earnings ratio of -35.37. The company’s 50 day moving average is C$35.30 and its 200 day moving average is C$37.81. GFL Environmental has a 12-month low of C$31.57 and a 12-month high of C$54.01.

GFL Environmental (TSE:GFL – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported C$0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.10. The business had revenue of C$1.40 billion during the quarter, compared to analysts’ expectations of C$1.32 billion.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Monday, July 18th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Friday, July 15th. GFL Environmental’s payout ratio is currently -5.52%.

Insider Activity

In related news, Director Arun Nayar acquired 10,000 shares of GFL Environmental stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of C$37.21 per share, for a total transaction of C$372,054.80. Following the completion of the transaction, the director now directly owns 48,205 shares in the company, valued at approximately C$1,793,490.16.

About GFL Environmental

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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.