Element Fleet Management (EFN) Set to Announce Quarterly Earnings on Sunday

Element Fleet Management (TSE:EFN) is set to announce its earnings results after the market closes on Sunday, November 3rd. Analysts expect the company to announce earnings of C$0.38 per share for the quarter.

Element Fleet Management (TSE:EFN) last announced its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The business had revenue of C$375.68 million during the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%.

Element Fleet Management Price Performance

Shares of TSE:EFN opened at C$28.49 on Friday. The company’s fifty day moving average price is C$28.47 and its 200-day moving average price is C$25.77. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The firm has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a one year low of C$18.59 and a one year high of C$30.04.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. Element Fleet Management’s dividend payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Scotiabank upped their target price on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. BMO Capital Markets lifted their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. CIBC upped their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday. Finally, Raymond James lifted their target price on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Element Fleet Management presently has an average rating of “Moderate Buy” and an average target price of C$32.25.

Insider Buying and Selling

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by 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.