Element Fleet Management Corp. Expected to Earn Q4 2024 Earnings of $0.37 Per Share (TSE:EFN)

Element Fleet Management Corp. (TSE:EFNFree Report) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Element Fleet Management in a note issued to investors on Wednesday, February 28th. National Bank Financial analyst J. Gloyn expects that the financial services provider will post earnings of $0.37 per share for the quarter. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.44 per share.

Several other research analysts also recently weighed in on EFN. TD Securities boosted their target price on Element Fleet Management from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank boosted their target price on Element Fleet Management from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Veritas Investment Research restated a “reduce” rating on shares of Element Fleet Management in a research note on Thursday. CIBC boosted their price target on Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their price target on Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$27.63.

Check Out Our Latest Report on EFN

Element Fleet Management Stock Up 1.0 %

Shares of EFN stock opened at C$22.88 on Friday. Element Fleet Management has a 1-year low of C$17.00 and a 1-year high of C$23.46. The stock’s fifty day moving average price is C$22.39 and its 200 day moving average price is C$21.06. The company has a debt-to-equity ratio of 270.33, a current ratio of 6.64 and a quick ratio of 5.70. The company has a market cap of C$8.90 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is 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 44.44%.

Insider Activity

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 14,200 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average price of C$21.10 per share, with a total value of C$299,620.00. Insiders own 0.24% of the company’s stock.

Element Fleet Management Company Profile

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Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. It 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.

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