GFL Environmental (TSE:GFL) Trading 3.2% Higher – What’s Next?

Shares of GFL Environmental Inc. (TSE:GFL) shot up 3.2% during mid-day trading on Tuesday . The stock traded as high as C$51.21 and last traded at C$51.17. Approximately 888,694 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 563,059 shares. The stock had previously closed at C$49.60.

Wall Street Analyst Weigh In

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 issued a Hold rating to the company. Based on data from MarketBeat, GFL Environmental currently has an average rating of “Strong Buy”.

GFL Environmental Stock Performance

The company’s 50-day moving average is C$50.87 and its two-hundred day moving average is C$56.26. The company has a quick ratio of 0.57, a current ratio of 1.51 and a debt-to-equity ratio of 135.90. The company has a market cap of C$19.36 billion, a P/E ratio of 77.74, a price-to-earnings-growth ratio of -0.76 and a beta of 0.17.

GFL Environmental (TSE:GFL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$1.64 billion for the quarter. GFL Environmental had a net margin of 3.12% and a return on equity of 3.01%. Equities analysts predict that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Dividend Announcement

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

About GFL Environmental

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.