Atb Cap Markets Expects Lower Earnings for GFL Environmental

GFL Environmental Inc. (TSE:GFL) – Analysts at Atb Cap Markets dropped their Q4 2024 earnings per share estimates for GFL Environmental in a research note issued to investors on Thursday, November 7th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.31. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Atb Cap Markets also issued estimates for GFL Environmental’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $2.00 EPS.

Separately, Scotiabank raised GFL Environmental to a “strong-buy” rating in a report on Friday, October 4th.

GFL Environmental Stock Down 0.5 %

GFL Environmental stock opened at C$62.80 on Monday. The firm has a market cap of C$23.91 billion, a price-to-earnings ratio of -30.63, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. GFL Environmental has a 52 week low of C$36.56 and a 52 week high of C$64.60. The business’s 50-day moving average price is C$55.94 and its 200 day moving average price is C$52.54. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69.

GFL Environmental (TSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The business had revenue of C$2.01 billion for the quarter, compared to analyst estimates of C$2.06 billion. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%.

Insider Buying and Selling at GFL Environmental

In other news, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$54.39, for a total value of C$364,304.22. In related news, Senior Officer Mindy Beth Gilbert sold 6,698 shares of GFL Environmental stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$54.39, for a total transaction of C$364,304.22. Also, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$53.39, for a total value of C$32,036,634.00. Over the last three months, insiders have sold 687,224 shares of company stock valued at $36,805,967. Company insiders own 2.96% of the company’s stock.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were issued a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s payout ratio is currently -3.90%.

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.