GFL Environmental (NYSE:GFL – Get Rating) will release earnings data after the market close on Wednesday, November 2nd. Analysts expect GFL Environmental to post earnings of $0.15 per share in the quarter. Anyone wishing to register for the company’s earnings conference call can do so using this link.
GFL Environmental (NYSE:GFL – Get Rating) announced its final results on Wednesday, July 27th. The company reported his earnings per share (EPS) of $0.19 for the quarter, $0.06 above analyst consensus expectations of $0.13. GFL Environmental’s return on equity was 3.77% and net profit margin was 3.80%. The company’s revenue for the quarter was $1.34 billion, compared with analyst estimates of $1.21 billion. On average, analysts expect GFL Environmental to post $0 EPS this year and $1 EPS next year.
GFL environmental stock 2.5% increase
GFL shares opened Wednesday at $26.69. GFL Environmental has a 12-month low of $23.10 and a 12-month high of $43.71. The company has a market capitalization of $9.03 billion, a PE ratio of -41.06 and a beta of 1.27. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $28.13. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt to equity ratio of 1.47.
Notice of GFL Environmental Dividend
The company recently announced a quarterly dividend payable on Monday, October 31st. Dividends of $0.012 per share will be issued to shareholders of record on Monday, October 17. The ex-dividend date is Friday, October 14th. That represents his $0.05 dividend and 0.18% dividend yield on an annual basis. GFL Environmental’s dividend payout ratio (DPR) is currently -7.69%.
Institutional trading in a GFL environment
Large investors are buying and selling stocks these days. Allianz Asset Management GmbH bought a new stake in GFL Environmental for $119,000 in the first quarter. Citigroup Inc. increased his GFL Environmental position by 718.0% in the first quarter. Citigroup Inc. now owns 3,918 shares worth $128,000 after acquiring an additional 3,439 shares during this period. UBS Group AG expanded his position in GFL Environmental by 9.7% in the second quarter. UBS Group AG now owns 5,846 shares of the company worth $151,000 after acquiring a further 519 shares during this period. Raymond James Trust NA bought a new stake in his GFL Environmental for $271,000 in the first quarter. Finally, Advisor Group Holdings Inc. expanded his position in GFL Environmental by 49.7% in the first quarter. Advisor Group Holdings Inc. now owns 11,312 shares worth $368,000 after acquiring an additional 3,758 shares during this period. Currently 62.35% of the shares are owned by institutional investors.
Analyst sets new price target
GFL has been the subject of many research analyst reports. Jefferies Financial Group reiterated its ‘buy’ rating and set a price target of $41.00 on shares of GFL Environmental in a report on Tuesday. National Bank Financial lowered GFL Environmental’s price target from C$53.00 to C$47.00 in a report on Thursday, October 20th. TD Securities raised its price target on GFL Environmental from C$53.00 to C$55.00 in its report on Tuesday, August 2nd. Bank Of America (Bofa) upgraded GFL Environmental to ‘buy’ in its report on Friday, October 21st. Finally, Bank of America upgraded GFL Environmental from a “neutral” rating to a “buy” rating and lowered the company’s price target from $34.00 to $32.50 in its Friday Oct. 21 research report. According to MarketBeat, 11 research analysts rated the stock with a buy rating. According to MarketBeat, the company has a consensus rating of “buy” and an average target price of $44.50.
About the GFL environment
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company provides non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential, commercial and industrial customers.
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