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

GFL Environmental Inc. (TSE:GFL)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$46.17 and last traded at C$47.48, with a volume of 920298 shares. The stock had previously closed at C$46.26.

Analyst Upgrades and Downgrades

Separately, Wolfe Research raised GFL Environmental to a “strong-buy” rating in a report on Friday, March 13th. Four research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

GFL Environmental Trading Up 2.6%

The firm has a fifty day simple moving average of C$53.71 and a 200-day simple moving average of C$57.85. The firm has a market cap of C$17.14 billion, a P/E ratio of 68.81, a price-to-earnings-growth ratio of -0.76 and a beta of 0.20. The company has a debt-to-equity ratio of 135.90, a current ratio of 1.51 and a quick ratio of 0.57.

GFL Environmental (TSE:GFL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

GFL Environmental Company Profile

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.