What is Scotiabank’s Estimate for GFL FY2026 Earnings?

GFL Environmental Inc. (NYSE:GFL) – Scotiabank issued their FY2026 earnings estimates for shares of GFL Environmental in a research report issued on Monday, November 2nd. Scotiabank analyst K. Gupta expects that the company will earn $0.77 per share for the year. Scotiabank has a “Sector Outperform” rating and a $56.00 price target on the stock. The consensus estimate for GFL Environmental’s current full-year earnings is $0.55 per share. Scotiabank also issued estimates for GFL Environmental’s FY2027 earnings at $1.17 EPS.

Other equities research analysts also recently issued reports about the stock. Citigroup lifted their target price on shares of GFL Environmental from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial cut their target price on GFL Environmental from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a report on Monday, August 31st. Barclays boosted their price objective on GFL Environmental from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

GFL Environmental Trading Up 1.8%

Shares of GFL stock opened at $46.10 on Friday. The stock’s fifty day simple moving average is $43.08 and its 200 day simple moving average is $40.90. GFL Environmental has a twelve month low of $33.33 and a twelve month high of $46.76. The firm has a market capitalization of $16.64 billion, a P/E ratio of 69.68, a P/E/G ratio of 3.47 and a beta of 0.68. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.03.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.0169 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is -8.86%.

Institutional Trading of GFL Environmental

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its stake in shares of GFL Environmental by 32.7% in the third quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock worth $370,510,000 after purchasing an additional 2,184,230 shares during the last quarter. QV Investors Inc. bought a new position in shares of GFL Environmental in the third quarter valued at approximately $44,887,000. Bank of America Corp DE boosted its position in shares of GFL Environmental by 43.8% during the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock valued at $77,064,000 after buying an additional 563,001 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of GFL Environmental by 68.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after buying an additional 471,935 shares during the last quarter. Finally, Advent International L.P. grew its holdings in GFL Environmental by 117.1% during the first quarter. Advent International L.P. now owns 823,010 shares of the company’s stock worth $34,336,000 after buying an additional 443,918 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.