GFL Environmental (TSE:GFL) Shares Up 4.6% – Still a Buy?

Shares of GFL Environmental Inc. (TSE:GFL) rose 4.6% during mid-day trading on Friday . The company traded as high as C$59.92 and last traded at C$59.54. Approximately 949,974 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 630,651 shares. The stock had previously closed at C$56.90.

GFL Environmental Stock Up 4.6%

The stock has a 50 day moving average price of C$55.99 and a 200 day moving average price of C$55.22. The company has a market cap of C$21.49 billion, a P/E ratio of -121.51, a P/E/G ratio of -0.76 and a beta of 0.11. The company has a debt-to-equity ratio of 137.83, a quick ratio of 0.57 and a current ratio of 0.75.

GFL Environmental (TSE:GFL) last announced its earnings results on Wednesday, July 29th. The company reported C$0.19 earnings per share (EPS) for the quarter. GFL Environmental had a negative return on equity of 3.32% and a negative net margin of 3.26%.The company had revenue of C$1.95 billion for the quarter. Research analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were given a dividend of $0.0169 per share. The ex-dividend date of this dividend was Monday, July 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 -17.74%.

About GFL Environmental

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.