What is Raymond James’ Forecast for TSE:EFN FY2024 Earnings?

Element Fleet Management Corp. (TSE:EFN) – Research analysts at Raymond James upped their FY2024 EPS estimates for shares of Element Fleet Management in a report issued on Thursday, November 14th. Raymond James analyst S. Boland now forecasts that the financial services provider will post earnings of $1.60 per share for the year, up from their previous estimate of $1.54. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS and FY2025 earnings at $1.79 EPS.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. CIBC boosted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. TD Securities boosted their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, National Bankshares boosted their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Element Fleet Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Price Performance

The business’s 50-day simple moving average is C$28.66 and its two-hundred day simple moving average is C$26.37. 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 firm has a market cap of C$11.43 billion, a PE ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a one year low of C$20.69 and a one year high of C$30.04.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of ?. Element Fleet Management’s payout ratio is 37.50%.

Insider Buying and Selling

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total transaction of C$142,480.00. Also, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost 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.