GFL Environmental (NYSE:GFL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS


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GFL Environmental (NYSE:GFL) announced its earnings results on Sunday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03, Fidelity Earnings reports.

GFL stock traded down $0.38 during midday trading on Tuesday, hitting $29.06. The company’s stock had a trading volume of 247,353 shares, compared to its average volume of 694,870. The stock’s 50-day moving average price is $29.59 and its 200 day moving average price is $24.67. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.10. GFL Environmental has a 1 year low of $11.92 and a 1 year high of $32.25.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Tuesday, January 19th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, January 15th. This represents a $0.04 annualized dividend and a yield of 0.14%.

Several brokerages recently issued reports on GFL. JPMorgan Chase & Co. lifted their target price on GFL Environmental from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. Barclays began coverage on GFL Environmental in a research report on Friday, January 29th. They set an “equal weight” rating on the stock. Zacks Investment Research raised GFL Environmental from a “sell” rating to a “hold” rating in a research report on Wednesday, February 17th. BMO Capital Markets lifted their target price on GFL Environmental from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Finally, CIBC lifted their target price on GFL Environmental from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, December 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. GFL Environmental presently has a consensus rating of “Buy” and a consensus price target of $27.83.

About GFL Environmental

GFL Environmental Inc operates as a diversified environmental services company in North America. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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