Element Fleet Management (EFN) Scheduled to Post Earnings on Wednesday

Element Fleet Management (TSE:EFN - Get Free Report) will release 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 - Get Free Report) last issued its quarterly earnings data 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 company had revenue of C$375.68 million during the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%.

Element Fleet Management Trading Up 0.7 %

Element Fleet Management stock traded up C$0.20 during mid-day trading on Wednesday, hitting C$29.00. The company's stock had a trading volume of 696,572 shares, compared to its average volume of 537,902. The firm has a market capitalization of C$11.70 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1 year low of C$19.91 and a 1 year high of C$30.04. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The stock's fifty day moving average is C$28.55 and its two-hundred day moving average is C$25.91.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.66%. Element Fleet Management's payout ratio is 37.50%.

Insider Activity at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on EFN. National Bankshares upped their price target on Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. TD Securities upped their price target on Element Fleet Management from C$30.00 to C$32.00 in a research note on Friday, September 20th. Royal Bank of Canada increased their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Wednesday, August 14th. CIBC increased their price objective on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Finally, Scotiabank increased their price objective on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$32.25.

About Element Fleet Management

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.