Element Fleet Management (EFN) to Release Earnings on Wednesday

Element Fleet Management (TSE:EFN) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect Element Fleet Management to post earnings of C$0.38 per share for the quarter.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The firm had revenue of C$375.68 million for the quarter, compared to analysts’ expectations of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%.

Element Fleet Management Stock Performance

Element Fleet Management stock opened at C$29.12 on Monday. The firm’s fifty day moving average price is C$28.63 and its 200-day moving average price is C$26.10. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The stock has a market cap of C$11.75 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a fifty-two week low of C$20.06 and a fifty-two week high of C$30.04.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.50%.

Wall Street Analyst Weigh In

EFN has been the topic of several research reports. National Bankshares raised their price objective on shares of Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. CIBC lifted their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Scotiabank lifted their target price on shares of Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Element Fleet Management currently has an average rating of “Moderate Buy” and a consensus price target of C$32.25.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.