Scotiabank Lifts Earnings Estimates for GFL Environmental

GFL Environmental Inc. (NYSE:GFL) – Stock analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of GFL Environmental in a research note issued on Friday, January 23rd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.77. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for GFL Environmental’s FY2027 earnings at $1.11 EPS.

A number of other research firms have also recently issued reports on GFL. Weiss Ratings restated a “buy (b-)” rating on shares of GFL Environmental in a report on Monday, December 29th. The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 price target for the company. Stifel Nicolaus assumed coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They set a “buy” rating for the company. Citigroup lowered their target price on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.56.

GFL Environmental Stock Down 0.5%

Shares of NYSE:GFL opened at $44.43 on Monday. GFL Environmental has a 1 year low of $40.83 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50-day moving average is $43.87 and its 200-day moving average is $46.03. The company has a market capitalization of $15.95 billion, a price-to-earnings ratio of 6.96 and a beta of 0.88.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. GFL Environmental’s revenue was up 9.0% compared to the same quarter last year.

Hedge Funds Weigh In On GFL Environmental

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares during the period. Advisory Services Network LLC increased its holdings in GFL Environmental by 4.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock worth $310,000 after acquiring an additional 256 shares during the last quarter. AGP Franklin LLC raised its stake in GFL Environmental by 3.7% in the 2nd quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock valued at $375,000 after acquiring an additional 262 shares during the period. Jones Financial Companies Lllp lifted its holdings in GFL Environmental by 21.9% during the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after purchasing an additional 289 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th will be paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, January 13th. GFL Environmental’s payout ratio is presently 0.94%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.