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

Element Fleet Management (TSE:EFN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.38 per share for the quarter.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The business had revenue of C$375.68 million during 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 Price Performance

EFN stock opened at C$28.80 on Wednesday. The company has a market capitalization of C$11.62 billion, a P/E ratio of 22.50, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a twelve month low of C$19.75 and a twelve month high of C$30.04. The business has a 50 day simple moving average of C$28.55 and a 200-day simple moving average of C$25.91. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s payout ratio is currently 37.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EFN shares. Jefferies Financial Group upped 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 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 upped their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, Raymond James upped their price target on 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 investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$32.25.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by corporate insiders.

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.