GFL Environmental (TSE:GFL) Reaches New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

GFL Environmental Inc. (TSE:GFL – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$46.17 and last traded at C$47.48, with a volume of 920298 shares trading 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 equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on GFL Environmental

GFL Environmental Stock Up 2.6%

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 firm has a market cap of C$17.14 billion, a P/E ratio of 68.81, a PEG ratio of -0.76 and a beta of 0.20. The company’s 50 day simple moving average is C$53.71 and its 200-day simple moving average is C$57.85.

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

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.0169 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, April 13th. GFL Environmental’s dividend payout ratio is presently 12.33%.

GFL Environmental Company Profile

(Get Free Report)

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.

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