Research Analysts Set Expectations for TSE:EFN Q4 Earnings

Element Fleet Management Corp. (TSE:EFN) – Stock analysts at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of Element Fleet Management in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.38. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share. National Bank Financial also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.45 EPS, FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.89 EPS.

A number of other analysts have also commented on EFN. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Scotiabank dropped their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. TD Securities lifted their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. CIBC upped their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, National Bankshares upped their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.63.

Element Fleet Management Stock Down 0.7 %

TSE:EFN opened at C$28.05 on Tuesday. The company has a market cap of C$11.32 billion, a PE ratio of 21.91, a PEG ratio of 2.97 and a beta of 0.91. The stock has a 50-day simple moving average of C$29.06 and a 200 day simple moving average of C$28.30. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez purchased 3,375 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of C$28.92 per share, with a total value of C$97,618.50. Also, Senior Officer Laura Lee Dottori-Attanasio purchased 10,500 shares of Element Fleet Management stock in a transaction dated Friday, December 13th. The stock was bought at an average price of C$28.70 per share, for a total transaction of C$301,350.00. In the last three months, insiders purchased 19,625 shares of company stock valued at $562,999 and sold 38,948 shares valued at $1,154,902. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.