GFL Environmental (TSE:GFL) Trading 2.3% Higher – Here’s What Happened

GFL Environmental Inc. (TSE:GFL) shot up 2.3% on Tuesday . The company traded as high as C$59.87 and last traded at C$59.23. Approximately 909,150 shares changed hands during trading, an increase of 44% from the average session volume of 633,152 shares. The stock had previously closed at C$57.89.

GFL Environmental Stock Up 2.3%

The stock’s 50-day moving average price is C$52.96 and its 200-day moving average price is C$55.42. The company has a current ratio of 0.75, a quick ratio of 0.57 and a debt-to-equity ratio of 137.83. The stock has a market cap of C$21.38 billion, a price-to-earnings ratio of -120.88, a P/E/G ratio of -0.76 and a beta of 0.07.

GFL Environmental (TSE:GFL) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$1.95 billion during the quarter. GFL Environmental had a negative net margin of 3.26% and a negative return on equity of 3.32%. On average, sell-side analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were issued 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 of this dividend was Monday, July 13th. GFL Environmental’s payout ratio is currently -17.74%.

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.