Fleet Financing

Element Fleet Management Corp. Expected to post earnings of $ 0.21 per share after Q2 2021 (TSE: EFN)



Element Fleet Management Corp. (TSE: EFN) – Research analysts at Raymond James lowered their second quarter 2021 EPS estimates for Element Fleet Management shares in a research report released to clients and investors on Wednesday, May 12. Raymond analyst James S. Boland now expects the financial services provider to earn $ 0.21 per share for the quarter, down from their previous estimate of $ 0.22. Raymond James has an “outperform” rating and a target price of $ 17.50 on the stock. Raymond James also released estimates for Element Fleet Management’s Q2 2022 earnings at $ 0.27 EPS and fiscal 2022 earnings at $ 1.10 EPS.

Several other equity research analysts have also recently published reports on the stock. BMO Capital Markets raised its Element Fleet Management stock price target from C $ 16.00 to C $ 17.00 and gave the company an “outperformance” rating in a research report on Wednesday 5 may. Scotiabank raised its price target for Element Fleet Management shares from C $ 14.50 to C $ 16.00 in a report released on Wednesday, March 31. Cormark elevated Element Fleet Management from a “reduction” rating to a “market performance” rating in a research note on Tuesday, February 9. Royal Bank of Canada raised its price target on Element Fleet Management from C $ 18.00 to C $ 19.00 and gave the company an “outperformance” rating in a research note on Wednesday. Finally, National Bank Financial increased its target price on Element Fleet Management shares from CAN $ 18.00 to CAN $ 19.00 and assigned the company an “outperformance” rating in a research report on Friday March 5. Two analysts rated the stock with a sustaining rating and five issued a buy rating for the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C $ 17.00.

Element Fleet Management’s stock opened at C $ 13.59 on Thursday. Element Fleet Management has a 12 month minimum of C $ 7.91 and a 12 month maximum of C $ 15.28. The company has a current ratio of 9.68, a rapid ratio of 9.32 and a debt ratio of 268.80. The company has a 50-day moving average price of C $ 14.35 and a 200-day moving average price of C $ 13.27. The company has a market capitalization of 5.93 billion Canadian dollars and a PE ratio of 24.35. Element Fleet Management (TSE: EFN) last published its quarterly results on Wednesday March 3. The financial services provider reported earnings per share of C $ 0.23 for the quarter, beating Thomson Reuters consensus estimate of C $ 0.20 by C $ 0.03. The company reported sales of C $ 247.10 million for the quarter, compared to analysts’ expectations of C $ 231.50 million.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 15. Shareholders of record on Thursday April 15 received a dividend of $ 0.065 per share. This is an increase in Element Fleet Management’s previous quarterly dividend of $ 0.05. This represents an annualized dividend of $ 0.26 and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, March 30. Element Fleet Management’s dividend payout ratio is currently 35.84%.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company in Canada, United States, Mexico, Australia and New Zealand. The company offers fleet management services including vehicle acquisition, financing, program management and remarketing services for cars and light vehicles, medium and heavy trucks, material handling equipment, automobiles and specialized vehicles and equipment, as well as companies, municipalities, and industrial fleets.

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History and earnings estimates for Element Fleet Management (TSE: EFN)

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