After finishing at $34.65 in the prior trading day, GFL Environmental Inc. (NYSE: GFL) closed at $33.71, down -2.71%. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1846662 shares were traded.
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Ratios:
Our goal is to gain a better understanding of GFL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 31, 2024, initiated with a Buy rating and assigned the stock a target price of $44.
On January 19, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $35.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GFL now has a Market Capitalization of 12.51B and an Enterprise Value of 19.25B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 8.69.
Stock Price History:
Over the past 52 weeks, GFL has reached a high of $39.06, while it has fallen to a 52-week low of $26.87. The 50-Day Moving Average of the stock is 34.85, while the 200-Day Moving Average is calculated to be 33.40.
Shares Statistics:
The stock has traded on average 1.19M shares per day over the past 3-months and 1.27M shares per day over the last 10 days, according to various share statistics. A total of 359.35M shares are outstanding, with a floating share count of 222.41M. Insiders hold about 40.08% of the company’s shares, while institutions hold 56.79% stake in the company. Shares short for GFL as of Feb 29, 2024 were 6.55M with a Short Ratio of 5.53, compared to 6.33M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.76% and a Short% of Float of 4.04%.
Dividends & Splits
In the trailing 12 months, GFL’s forward annual dividend rate was 0.07, compared to 0.05 this year. Against a Trailing Annual Dividend Yield of 0.20%, it implies a Forward Annual Dividend Yield of 0.15%.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.12 and a low estimate of -$0.21, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.27, with high estimates of $0.35 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.99 and $0.59 for the fiscal current year, implying an average EPS of $0.83. EPS for the following year is $1.11, with 15 analysts recommending between $1.46 and $0.54.
Revenue Estimates
15 analysts predict $1.32B in revenue for the current quarter. It ranges from a high estimate of $1.41B to a low estimate of $1.29B. As of the current estimate, GFL Environmental Inc.’s year-ago sales were $1.36B, an estimated decrease of -2.70% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.52B, an increase of 4.20% over than the figure of -$2.70% in the same quarter last year. There is a high estimate of $1.56B for the next quarter, whereas the lowest estimate is $1.49B.
A total of 15 analysts have provided revenue estimates for GFL’s current fiscal year. The highest revenue estimate was $6.01B, while the lowest revenue estimate was $5.84B, resulting in an average revenue estimate of $5.9B. In the same quarter a year ago, actual revenue was $5.52B, up 6.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $6.31B in the next fiscal year. The high estimate is $6.62B and the low estimate is $6.16B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
