Element Fleet Management Corp. (TSE:EFN - Free Report) - Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Element Fleet Management in a research note issued on Wednesday, November 13th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings of $1.56 per share for the year, up from their prior estimate of $1.55. 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 Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.46 EPS and FY2026 earnings at $1.95 EPS.
Element Fleet Management (TSE:EFN - Get Free Report) last released its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.03. The business had revenue of C$375.68 million for the quarter, compared to the consensus estimate of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%.
Other analysts also recently issued reports about the stock. Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday. Raymond James lifted their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday. Jefferies Financial Group downgraded shares of Element Fleet Management from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$32.00 to C$30.00 in a report on Friday. BMO Capital Markets increased 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. Finally, TD Securities lifted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$33.50.
Get Our Latest Report on Element Fleet Management
Element Fleet Management Stock Up 0.1 %
Shares of TSE EFN traded up C$0.04 during mid-day trading on Friday, reaching C$27.11. The company had a trading volume of 1,282,254 shares, compared to its average volume of 548,147. The company has a market capitalization of C$10.94 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. 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 fifty day moving average of C$28.66 and a two-hundred day moving average of C$26.26. Element Fleet Management has a 12-month low of C$20.62 and a 12-month high of C$30.04.
Insider Buying and Selling
In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the company's stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by company insiders.
Element Fleet Management Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, September 27th. Element Fleet Management's dividend payout ratio is currently 37.50%.
About Element Fleet Management
(
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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.
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