Q2 2024 Earnings Estimate for Element Fleet Management Corp. Issued By National Bank Financial (TSE:EFN)

Element Fleet Management Corp. (TSE:EFN) – Analysts at National Bank Financial boosted their Q2 2024 EPS estimates for shares of Element Fleet Management in a research note issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $0.37 for the quarter, up from their previous estimate of $0.36. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.43 per share. National Bank Financial also issued estimates for Element Fleet Management’s Q3 2024 earnings at $0.37 EPS, Q4 2024 earnings at $0.38 EPS, FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.62 EPS.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data 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 return on equity of 12.30% and a net margin of 23.38%. The firm had revenue of C$333.36 million during the quarter, compared to analyst estimates of C$334.92 million.

Several other equities research analysts also recently issued reports on EFN. Raymond James upped 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 report on Wednesday, February 28th. TD Securities boosted their target price 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. BMO Capital Markets lifted their target price 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. Scotiabank upgraded Element Fleet Management from a “sector perform” rating to an “outperform” rating and set a C$26.00 price objective on the stock in a research note on Tuesday. Finally, Royal Bank of Canada lifted their price objective 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 equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$27.63.

Element Fleet Management Trading Down 0.1 %

Shares of Element Fleet Management stock opened at C$21.95 on Wednesday. The stock has a 50 day moving average price of C$22.06 and a two-hundred day moving average price of C$21.62. Element Fleet Management has a 52 week low of C$17.13 and a 52 week high of C$23.46. The company has a debt-to-equity ratio of 280.50, a quick ratio of 5.70 and a current ratio of 6.78. The stock has a market capitalization of C$8.54 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.84.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. Element Fleet Management’s dividend payout ratio (DPR) is 43.24%.

Insider Buying and Selling at Element Fleet Management

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

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.