GFL Environmental Inc. (NYSE:GFL) Declares $0.02 Quarterly Dividend

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Friday, January 2nd. Investors of record on Tuesday, January 13th will be paid a dividend of 0.0154 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, January 13th.

GFL Environmental has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

GFL Environmental stock opened at $42.85 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. GFL Environmental has a 12 month low of $41.29 and a 12 month high of $52.00. The company has a fifty day moving average price of $44.19 and a two-hundred day moving average price of $46.74. The company has a market cap of $15.39 billion, a PE ratio of 6.72 and a beta of 0.89.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Research analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on GFL shares. JPMorgan Chase & Co. dropped their price target on GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company initiated coverage on GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating on the stock. Citigroup upped their price target on shares of GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. UBS Group lifted their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Stifel Nicolaus assumed coverage on shares of GFL Environmental in a research note on Tuesday, September 30th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $57.08.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.