TSE:EFN FY2024 EPS Lifted by National Bank Financial

Element Fleet Management Corp. (TSE:EFN - Free Report) - National Bank Financial upped their FY2024 EPS estimates for shares of Element Fleet Management in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will earn $1.55 per share for the year, up from their prior estimate of $1.53. 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 FY2025 earnings at $1.74 EPS.

A number of other equities analysts also recently commented on the company. TD Securities increased their price objective on Element Fleet Management from C$30.00 to C$32.00 in a report on Friday, September 20th. Jefferies Financial Group increased their price objective on Element Fleet Management from C$28.00 to C$31.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. National Bankshares increased their price objective on Element Fleet Management from C$34.00 to C$37.00 in a report on Friday, September 27th. Raymond James upped their target price on Element Fleet Management from C$29.00 to C$30.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 14th. Finally, Scotiabank upped their target price on Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Element Fleet Management currently has an average rating of "Moderate Buy" and a consensus price target of C$32.25.

Element Fleet Management Stock Up 0.1 %

Shares of EFN traded up C$0.04 during trading hours on Friday, reaching C$28.53. The company's stock had a trading volume of 428,842 shares, compared to its average volume of 537,837. The firm has a market cap of C$11.51 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1-year low of C$18.92 and a 1-year high of C$30.04. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The company has a 50 day moving average of C$28.47 and a two-hundred day moving average of C$25.77.

Element Fleet Management (TSE:EFN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.03. The firm 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 return on equity of 12.58% and a net margin of 23.41%.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.68%. Element Fleet Management's dividend payout ratio is currently 37.50%.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the company's stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.26% of the company's stock.

Element Fleet Management Company Profile

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.