Element Fleet Management (EFN) Scheduled to Post Quarterly Earnings on Sunday

Element Fleet Management (TSE:EFN - Get Free Report) will announce its earnings results after the market closes on Sunday, November 3rd. 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 announced its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating analysts' consensus estimates of C$0.37 by C$0.03. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. The firm had revenue of C$375.68 million during the quarter, compared to the consensus estimate of C$368.46 million.

Element Fleet Management Trading Down 0.8 %

TSE EFN traded down C$0.23 during trading hours on Friday, hitting C$28.58. 270,472 shares of the company were exchanged, compared to its average volume of 539,083. The stock has a market cap of C$11.54 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52 week low of C$18.59 and a 52 week high of C$30.04. The stock has a 50-day moving average price of C$28.33 and a 200 day moving average price of C$25.60. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 yield of 1.68%. The ex-dividend date was Friday, September 27th. Element Fleet Management's dividend payout ratio (DPR) is 37.50%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

EFN has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Element Fleet Management from C$28.00 to C$31.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. National Bankshares boosted their target price on shares of 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 shares of Element Fleet Management from C$30.00 to C$32.00 in a report on Friday, September 20th. Scotiabank lifted their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. Finally, Raymond James upped their target price on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$31.88.

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.