Element Fleet Management (EFN) to Release Earnings on Tuesday

Element Fleet Management (TSE:EFN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

Element Fleet Management (TSE:EFN) last released its earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, topping the consensus estimate of C$0.32 by C$0.01. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. The business had revenue of C$333.36 million for the quarter, compared to the consensus estimate of C$334.92 million.

Element Fleet Management Stock Up 0.4 %

EFN stock opened at C$22.85 on Tuesday. Element Fleet Management has a 52-week low of C$17.44 and a 52-week high of C$23.46. The company has a debt-to-equity ratio of 280.50, a current ratio of 6.78 and a quick ratio of 5.70. The firm has a market capitalization of C$8.89 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.97 and a beta of 0.84. The company’s 50 day simple moving average is C$22.04 and its 200-day simple moving average is C$21.71.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.10%. Element Fleet Management’s dividend payout ratio (DPR) is presently 43.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James increased their price objective on Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 28th. Scotiabank upgraded shares of Element Fleet Management from a “sector perform” rating to an “outperform” rating and set a C$26.00 price target for the company in a report on Tuesday, April 30th. TD Securities upped their price objective on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. CIBC lifted their target price on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets upped their price target on shares of Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$27.63.

Insider Activity at Element Fleet Management

In other news, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total transaction of C$774,608.64. In other news, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$23.01, for a total value of C$774,608.64. Also, Senior Officer Yu Xiang Jin bought 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$22.02 per share, for a total transaction of C$55,050.00. 0.24% 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.