GFL Environmental (TSE:GFL) Shares Up 2.3% – Still a Buy?

GFL Environmental Inc. (TSE:GFL) shot up 2.3% during trading on Tuesday . The stock traded as high as C$59.87 and last traded at C$59.23. 909,150 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 633,152 shares. The stock had previously closed at C$57.89.

GFL Environmental Stock Up 1.0%

The firm has a market cap of C$21.04 billion, a P/E ratio of -118.96, a price-to-earnings-growth ratio of -0.76 and a beta of 0.11. The company has a quick ratio of 0.57, a current ratio of 0.75 and a debt-to-equity ratio of 137.83. The firm has a fifty day moving average of C$53.15 and a 200-day moving average of C$55.40.

GFL Environmental (TSE:GFL) last released its earnings results on Wednesday, July 29th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$1.95 billion during the quarter. GFL Environmental had a negative net margin of 3.26% and a negative return on equity of 3.32%. On average, equities research analysts anticipate that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -17.74%.

GFL Environmental Company Profile

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.