GFL Environmental (GFL) Set to Announce Earnings on Tuesday

GFL Environmental (NYSE:GFLGet Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

GFL Environmental Stock Performance

Shares of GFL opened at $35.24 on Tuesday. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of -80.09 and a beta of 1.14. The company has a 50-day moving average of $33.09 and a two-hundred day moving average of $32.04. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.91 and a quick ratio of 0.91. GFL Environmental has a one year low of $26.87 and a one year high of $39.06.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Tuesday, January 16th. GFL Environmental’s dividend payout ratio is -11.36%.

Institutional Trading of GFL Environmental

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. grew its position in GFL Environmental by 664.7% during the 1st quarter. First Horizon Advisors Inc. now owns 1,063 shares of the company’s stock worth $37,000 after acquiring an additional 924 shares during the last quarter. Money Concepts Capital Corp purchased a new position in GFL Environmental during the fourth quarter valued at $41,000. PNC Financial Services Group Inc. raised its stake in shares of GFL Environmental by 70.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company’s stock worth $41,000 after purchasing an additional 437 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of GFL Environmental by 1,570.6% in the first quarter. 1832 Asset Management L.P. now owns 1,821 shares of the company’s stock worth $63,000 after acquiring an additional 1,712 shares during the period. Finally, BNP Paribas Arbitrage SNC bought a new stake in shares of GFL Environmental in the third quarter worth $70,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GFL shares. Jefferies Financial Group decreased their price target on shares of GFL Environmental from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 23rd. TD Cowen assumed coverage on shares of GFL Environmental in a research note on Tuesday, November 7th. They set an “outperform” rating and a $40.00 price target for the company. Raymond James lifted their price objective on shares of GFL Environmental from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Truist Financial initiated coverage on GFL Environmental in a report on Friday, October 20th. They set a “buy” rating and a $46.00 target price for the company. Finally, UBS Group initiated coverage on GFL Environmental in a research report on Wednesday, January 31st. They issued a “buy” rating and a $44.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.23.

Read Our Latest Stock Report on GFL Environmental

GFL Environmental Company Profile

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GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.

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Earnings History for GFL Environmental (NYSE:GFL)

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