GFL Environmental Inc. (TSE:GFL – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$50.86 and last traded at C$51.86, with a volume of 929467 shares traded. The stock had previously closed at C$53.63.
GFL Environmental News Roundup
Here are the key news stories impacting GFL Environmental this week:
- Positive Sentiment: Expands Western Canada footprint and scale — the acquisition gives GFL more assets, customers and infrastructure in Alberta/BC, strengthening its market position and potential pricing power. Truck News article
- Positive Sentiment: Revenue and waste-stream diversification — Secure Waste adds oilfield and industrial waste capabilities that can boost topline and provide cross-sell and operational synergies if integration succeeds. Waste Advantage article
- Neutral Sentiment: Deal size and headline prices vary across reports (C$6.4B widely cited; some outlets show different USD figures); details on cash vs. equity financing and timing are still emerging. Financial Post article
- Neutral Sentiment: Reports note the purchase carries a ~15% premium to Secure Waste’s trading price, implying a meaningful payout for sellers but also a price tag that investors will scrutinize. Yahoo Markets article
- Negative Sentiment: Financing and leverage risk — the large purchase will likely add material debt or equity dilution; GFL already carries high leverage, so the market is reacting to potential covenant, interest and credit-pressure implications. BNN Bloomberg article
- Negative Sentiment: Integration and execution risk — large acquisitions in waste management can take time to realize synergies and can pressure margins during transition. Investors will watch near-term earnings guidance closely. Calgary Herald article
- Negative Sentiment: Market reaction reflects uncertainty — share price weakness reflects investor concern over price paid, financing mix and immediate impact on profitability given GFL’s recent negative margins and high debt ratios. Yahoo Energy article
Wall Street Analyst Weigh In
Separately, Wolfe Research upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.
GFL Environmental Stock Performance
The company has a market cap of C$18.70 billion, a P/E ratio of 5.19, a P/E/G ratio of -0.76 and a beta of 0.23. The firm’s fifty day moving average price is C$58.79 and its 200-day moving average price is C$60.62. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 114.80.
GFL Environmental (TSE:GFL – Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$1.69 billion for the quarter. GFL Environmental had a negative net margin of 22.76% and a negative return on equity of 21.15%. As a group, research analysts forecast that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.
GFL Environmental Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be given a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, April 13th. GFL Environmental’s payout ratio is presently 0.85%.
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.
Further Reading
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