Element Fleet Management (EFN) to Release Quarterly Earnings on Tuesday

Element Fleet Management (TSE:EFN) is set to release its earnings data after the market closes on Tuesday, May 14th. Analysts expect Element Fleet Management to post earnings of C$0.34 per share for the quarter.

Element Fleet Management (TSE:EFN) last announced its earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$333.36 million during the quarter, compared to analyst estimates of C$334.92 million.

Element Fleet Management Stock Up 0.4 %

EFN opened at C$22.85 on Tuesday. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The company has a market capitalization of C$8.89 billion, a PE ratio of 20.59, a PEG ratio of 2.97 and a beta of 0.84. Element Fleet Management has a 1-year low of C$17.44 and a 1-year high of C$23.46. The firm’s 50 day simple moving average is C$22.04 and its two-hundred day simple moving average is C$21.71.

Element Fleet Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, March 27th. Element Fleet Management’s dividend payout ratio is presently 43.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EFN. BMO Capital Markets lifted their price objective on Element Fleet Management from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Scotiabank raised shares of Element Fleet Management from a “sector perform” rating to an “outperform” rating and set a C$26.00 price objective for the company in a research note on Tuesday, April 30th. CIBC upped their target price on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Raymond James increased their price target 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. Finally, Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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 company’s stock in a transaction that occurred on 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 Element Fleet Management news, Senior Officer Yu Xiang Jin purchased 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, with a total value of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. 0.24% 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.