Q2 2022 Earnings Estimate for Element Fleet Management Corp. (TSE:EFN) Issued By National Bank Financial

Element Fleet Management Corp. (TSE:EFNGet Rating) – Research analysts at National Bank Financial lifted their Q2 2022 earnings estimates for shares of Element Fleet Management in a note issued to investors on Monday, May 9th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.21. National Bank Financial also issued estimates for Element Fleet Management’s FY2022 earnings at $0.94 EPS, Q1 2023 earnings at $0.25 EPS and FY2023 earnings at $1.05 EPS.

A number of other equities analysts also recently weighed in on EFN. Raymond James lifted their price target on shares of Element Fleet Management from C$13.25 to C$14.00 and gave the company a “market perform” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Element Fleet Management from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. National Bankshares boosted their target price on Element Fleet Management from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Securities raised their price target on shares of Element Fleet Management from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets cut their target price on shares of Element Fleet Management from C$14.50 to C$13.50 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$16.11.

TSE EFN opened at C$12.21 on Wednesday. The business’s 50-day moving average price is C$11.92 and its 200 day moving average price is C$12.60. The company has a current ratio of 6.91, a quick ratio of 6.57 and a debt-to-equity ratio of 240.50. Element Fleet Management has a twelve month low of C$10.99 and a twelve month high of C$15.28. The company has a market capitalization of C$4.88 billion and a PE ratio of 16.26.

Element Fleet Management (TSE:EFNGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The financial services provider reported C$0.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.02. The business had revenue of C$245.48 million for the quarter, compared to analysts’ expectations of C$237.00 million.

In related news, Senior Officer James Halliday sold 41,667 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of C$12.65, for a total value of C$527,087.55. Following the transaction, the insider now owns 85,001 shares in the company, valued at C$1,075,262.65.

About Element Fleet Management (Get Rating)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

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Earnings History and Estimates for Element Fleet Management (TSE:EFN)

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