FY2024 Earnings Estimate for TSE:GFL Issued By Scotiabank

GFL Environmental Inc. (TSE:GFL) – Equities researchers at Scotiabank issued their FY2024 earnings estimates for GFL Environmental in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst K. Gupta forecasts that the company will post earnings of $0.91 per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share. Scotiabank also issued estimates for GFL Environmental’s FY2025 earnings at $1.74 EPS and FY2026 earnings at $2.23 EPS.

GFL Environmental Stock Up 0.1 %

GFL Environmental stock opened at C$63.75 on Monday. GFL Environmental has a one year low of C$41.90 and a one year high of C$68.43. The stock has a fifty day moving average of C$63.82 and a 200 day moving average of C$58.04. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. The stock has a market cap of C$24.27 billion, a PE ratio of -31.10, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The business had revenue of C$2.01 billion during the quarter, compared to analyst estimates of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%.

GFL Environmental Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Monday, January 13th. GFL Environmental’s payout ratio is currently -3.90%.

About GFL Environmental

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.