Equities Analysts Set Expectations for TSE:EFN Q4 Earnings

Element Fleet Management Corp. (TSE:EFN - Free Report) - Investment analysts at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for Element Fleet Management in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $0.36 for the quarter, down from their prior estimate 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 research analysts have also recently issued reports on EFN. CIBC lifted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Raymond James lifted their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Scotiabank dropped their price objective on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Finally, Jefferies Financial Group cut Element Fleet Management from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$33.63.

Element Fleet Management Price Performance

Shares of TSE EFN traded up C$0.23 during midday trading on Tuesday, reaching C$28.41. 469,822 shares of the company traded hands, compared to its average volume of 478,106. The firm has a market cap of C$11.47 billion, a PE ratio of 22.20, a PEG ratio of 2.97 and a beta of 0.91. The stock's 50-day simple moving average is C$28.95 and its 200-day simple moving average is C$28.31. Element Fleet Management has a 12 month low of C$21.20 and a 12 month high of C$30.49. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$28.92 per share, for a total transaction of C$97,618.50. Also, Senior Officer James Halliday sold 33,664 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total value of C$1,009,920.00. In the last ninety days, insiders purchased 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. Corporate 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.