GFL Environmental (TSE:GFL) Trading Down 7.2% – Time to Sell?

GFL Environmental Inc. (TSE:GFLGet Free Report) traded down 7.2% on Monday . The stock traded as low as C$55.08 and last traded at C$55.34. 150,495 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 397,987 shares. The stock had previously closed at C$59.62.

Trending Headlines about GFL Environmental

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Analyst Upgrades and Downgrades

Separately, Wolfe Research raised GFL Environmental to a “strong-buy” rating in a research report on Friday, March 13th. Five research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Get Our Latest Analysis on GFL

GFL Environmental Price Performance

The company has a market capitalization of C$19.21 billion, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of -0.76 and a beta of 0.23. The company has a debt-to-equity ratio of 114.80, a current ratio of 0.58 and a quick ratio of 0.57. The business has a fifty day moving average price of C$58.69 and a 200 day moving average price of C$60.54.

GFL Environmental (TSE:GFLGet Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$1.69 billion for the quarter. GFL Environmental had a negative return on equity of 21.15% and a negative net margin of 22.76%. On average, research analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, April 13th. GFL Environmental’s payout ratio is presently 0.85%.

About GFL Environmental

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GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.

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