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

Element Fleet Management (TSE:EFN) 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) last released its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.03. The company 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 Stock Performance

Element Fleet Management stock opened at C$28.80 on Wednesday. The stock’s 50-day moving average is C$28.55 and its 200-day moving average is C$25.91. The company has a market cap of C$11.62 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a 12 month low of C$19.75 and a 12 month high of C$30.04.

Element Fleet Management Announces Dividend

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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.67%. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Analyst Ratings Changes

A number of research firms have recently commented on EFN. National Bankshares raised their price objective on Element Fleet Management from C$34.00 to C$37.00 in a report on Friday, September 27th. Jefferies Financial Group raised their target price on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. TD Securities raised their target price on Element Fleet Management from C$30.00 to C$32.00 in a report on Friday, September 20th. CIBC raised their target price on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$32.25.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost 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.

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.