Scotiabank Issues Pessimistic Forecast for TSE:GFL Earnings

GFL Environmental Inc. (TSE:GFL) – Equities researchers at Scotiabank lowered their FY2026 earnings estimates for shares of GFL Environmental in a research note issued on Wednesday, March 19th. Scotiabank analyst K. Gupta now anticipates that the company will earn $2.09 per share for the year, down from their prior forecast of $2.23. The consensus estimate for GFL Environmental’s current full-year earnings is $1.69 per share.

Separately, Citigroup raised GFL Environmental to a “strong-buy” rating in a research report on Monday, January 27th.

GFL Environmental Stock Performance

Shares of TSE:GFL opened at C$69.40 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 147.75. The company has a market capitalization of C$26.78 billion, a price-to-earnings ratio of -45.55, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The firm has a 50 day moving average of C$64.88 and a 200 day moving average of C$61.78. GFL Environmental has a 52 week low of C$41.90 and a 52 week high of C$70.03.

GFL Environmental Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.08%. GFL Environmental’s dividend payout ratio (DPR) is -5.25%.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.