GFL Environmental (GFL) Set to Announce Earnings on Wednesday

GFL Environmental (NYSE:GFL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect GFL Environmental to post earnings of $0.06 per share for the quarter. GFL Environmental has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

GFL Environmental (NYSE:GFL) last issued its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. On average, analysts expect GFL Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GFL Environmental Price Performance

Shares of GFL opened at $33.21 on Wednesday. The firm’s 50 day moving average price is $34.78 and its 200 day moving average price is $32.69. GFL Environmental has a twelve month low of $26.87 and a twelve month high of $39.06. The firm has a market cap of $12.33 billion, a PE ratio of -332.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $0.014 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.17%. The ex-dividend date is Friday, April 12th. GFL Environmental’s payout ratio is -60.00%.

Analysts Set New Price Targets

A number of brokerages have commented on GFL. Wells Fargo & Company raised their price target on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Bank of America lowered shares of GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Friday, January 19th. TheStreet raised GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. BMO Capital Markets lifted their price objective on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Jefferies Financial Group increased their price objective on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

About GFL Environmental

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.