Q2 2024 Earnings Forecast for GFL Environmental Inc. Issued By National Bank Financial (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) – Research analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for shares of GFL Environmental in a report released on Sunday, April 21st. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.28. The consensus estimate for GFL Environmental’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for GFL Environmental’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.02 EPS.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.19). GFL Environmental had a net margin of 0.60% and a return on equity of 0.48%. The company had revenue of C$1.88 billion during the quarter, compared to analysts’ expectations of C$1.85 billion.

GFL Environmental Trading Down 0.4 %

Shares of TSE:GFL opened at C$45.38 on Tuesday. GFL Environmental has a 12-month low of C$36.56 and a 12-month high of C$51.83. The business’s fifty day simple moving average is C$47.25 and its 200-day simple moving average is C$44.28. The company has a market capitalization of C$16.31 billion, a PE ratio of -349.08, a P/E/G ratio of -0.76 and a beta of 1.22. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 125.76.

Insider Activity

In other news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$47.85, for a total value of C$461,513.25. Company insiders own 3.16% of the company’s stock.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.019 dividend. The ex-dividend date is Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. GFL Environmental’s dividend payout ratio (DPR) is currently -53.85%.

GFL Environmental Company Profile

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.