Scotiabank Reduces Earnings Estimates for GFL Environmental

GFL Environmental Inc. (NYSE:GFL) – Research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of GFL Environmental in a report released on Thursday, February 19th. Scotiabank analyst K. Gupta now expects that the company will post earnings of $0.75 per share for the year, down from their previous estimate of $0.86. Scotiabank has a “Sector Outperform” rating and a $56.00 price objective on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.58 per share.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Citigroup reduced their price target on GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, January 16th. The Goldman Sachs Group initiated coverage on GFL Environmental in a research report on Monday, November 24th. They issued a “neutral” rating and a $50.00 target price on the stock. Barclays upped their price target on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, UBS Group boosted their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.67.

GFL Environmental Stock Down 1.9%

Shares of NYSE GFL opened at $42.64 on Monday. The stock has a market capitalization of $15.26 billion, a PE ratio of 6.27, a P/E/G ratio of 3.32 and a beta of 0.88. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $43.10 and a 200-day moving average of $45.29. GFL Environmental has a 52-week low of $40.83 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in shares of GFL Environmental in the 2nd quarter worth approximately $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of GFL Environmental in the fourth quarter valued at $25,000. Sunbelt Securities Inc. bought a new position in shares of GFL Environmental in the third quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its position in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares during the last quarter. Finally, Compass Financial Services Inc boosted its stake in shares of GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were given a $0.0154 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is 0.88%.

GFL Environmental Company Profile

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.