GFL Environmental (TSE:GFL) Stock Price Down 0.2% – What’s Next?

GFL Environmental Inc. (TSE:GFL) was down 0.2% during mid-day trading on Friday . The company traded as low as C$63.92 and last traded at C$64.28. Approximately 111,649 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 259,764 shares. The stock had previously closed at C$64.39.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Stock Down 0.2 %

The business has a fifty day moving average price of C$62.52 and a two-hundred day moving average price of C$57.22. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The firm has a market capitalization of C$24.47 billion, a price-to-earnings ratio of -31.36, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The company had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion. On average, equities analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

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.