GFL Environmental Inc. (NYSE:GFL - Get Free Report) declared a quarterly dividend on Thursday, July 3rd, RTT News reports. Investors of record on Monday, July 14th will be paid a dividend of 0.0154 per share on Thursday, July 31st. This represents a $0.06 annualized dividend and a yield of 0.13%.
GFL Environmental has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GFL Environmental to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.7%.
GFL Environmental Trading Down 0.3%
NYSE:GFL traded down $0.14 during midday trading on Friday, hitting $48.23. The stock had a trading volume of 1,076,642 shares, compared to its average volume of 1,462,464. GFL Environmental has a one year low of $37.00 and a one year high of $52.00. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 9.88 and a beta of 1.03. The stock has a 50-day moving average of $49.67 and a 200 day moving average of $47.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that GFL Environmental will post 0.58 EPS for the current year.
Analyst Ratings Changes
Several research analysts recently issued reports on GFL shares. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Royal Bank Of Canada upped their target price on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. JPMorgan Chase & Co. started coverage on GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price for the company. Finally, Citigroup upped their target price on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $54.50.
Read Our Latest Research Report on GFL
Institutional Trading of GFL Environmental
Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of GFL Environmental by 94.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company's stock valued at $34,514,000 after purchasing an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of GFL Environmental by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company's stock valued at $22,171,000 after purchasing an additional 14,252 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of GFL Environmental by 684.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company's stock valued at $124,000 after purchasing an additional 2,245 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.
About GFL Environmental
(
Get Free Report)
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.
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