GFL Environmental (TSE:GFL) Sets New 12-Month Low – What’s Next?

GFL Environmental Inc. (TSE:GFL)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$46.17 and last traded at C$47.48, with a volume of 920298 shares changing hands. The stock had previously closed at C$46.26.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research raised GFL Environmental to a “strong-buy” rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

GFL Environmental Stock Up 3.3%

The company has a current ratio of 1.51, a quick ratio of 0.57 and a debt-to-equity ratio of 135.90. The business has a 50-day moving average price of C$53.38 and a 200-day moving average price of C$57.66. The firm has a market cap of C$17.41 billion, a P/E ratio of 69.91, a P/E/G ratio of -0.76 and a beta of 0.20.

GFL Environmental (TSE:GFL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 earnings per share (EPS) for the quarter. GFL Environmental had a return on equity of 3.01% and a net margin of 3.12%.The business had revenue of C$1.64 billion for the quarter. On average, equities analysts forecast that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 12.33%.

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.