GFL Environmental (TSE:GFL) Announces Quarterly Earnings Results

GFL Environmental (TSE:GFL) released its earnings results on Wednesday. The company reported C$0.37 earnings per share for the quarter, FiscalAI reports. GFL Environmental had a negative return on equity of 8.41% and a negative net margin of 7.55%.The business had revenue of C$1.69 billion for the quarter.

GFL Environmental Stock Up 2.2%

GFL Environmental stock traded up C$1.30 during midday trading on Wednesday, hitting C$59.78. 392,757 shares of the company’s stock were exchanged, compared to its average volume of 366,839. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58. The company has a market cap of C$20.80 billion, a PE ratio of 6.39, a P/E/G ratio of -0.76 and a beta of 0.05. The firm has a 50-day moving average of C$59.61 and a two-hundred day moving average of C$63.27. GFL Environmental has a 12 month low of C$56.76 and a 12 month high of C$71.82.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company raised shares of GFL Environmental to a “strong-buy” rating in a research note on Thursday, November 13th. The Goldman Sachs Group upgraded shares of GFL Environmental to a “hold” rating in a research note on Monday, November 24th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provides remediation of contaminated soils and complementary services, including civil, demolition, excavation, and shoring services.