What is Raymond James' Estimate for TSE:EFN FY2024 Earnings?

Element Fleet Management Corp. (TSE:EFN - Free Report) - Equities researchers at Raymond James increased their FY2024 EPS estimates for Element Fleet Management in a report issued on Thursday, November 14th. Raymond James analyst S. Boland now expects that the financial services provider will post earnings of $1.60 per share for the year, up from their prior 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 also recently issued reports on EFN. BMO Capital Markets upped their target price on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. TD Securities increased their price objective 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. CIBC upped their price target on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Jefferies Financial Group downgraded Element Fleet Management from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$32.00 to C$30.00 in a research report on Friday. Finally, Royal Bank of Canada increased their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$33.50.

Element Fleet Management Price Performance

Element Fleet Management has a 52-week low of C$20.69 and a 52-week high of C$30.04. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The company's 50-day moving average is C$28.66 and its 200-day moving average is C$26.37. The stock has a market capitalization of C$11.43 billion, a PE ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91.

Insider Activity at Element Fleet Management

In other 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 value of C$142,480.00. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were acquired 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 company insiders.

Element Fleet Management Dividend Announcement

The business also recently announced 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 ∞. The ex-dividend date was Friday, September 27th. Element Fleet Management's dividend payout ratio (DPR) is presently 37.50%.

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.