FY2024 Earnings Forecast for TSE:GFL Issued By Scotiabank

GFL Environmental Inc. (TSE:GFL) – Scotiabank issued their FY2024 earnings per share (EPS) estimates for GFL Environmental in a research report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta expects that the company will earn $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 Price Performance

Shares of TSE:GFL opened at C$62.70 on Monday. The business has a fifty day simple moving average of C$64.03 and a 200 day simple moving average of C$58.23. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 145.69. GFL Environmental has a 1 year low of C$41.90 and a 1 year high of C$68.43. The firm has a market cap of C$23.87 billion, a price-to-earnings ratio of -30.59, a P/E/G ratio of -0.76 and a beta of 1.03.

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

GFL Environmental Cuts Dividend

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