Element Fleet Management Corp. (TSE:EFN – Get Rating) announced a quarterly dividend on Wednesday, June 29, reports TickerTech. Investors of record on Friday, July 15 will receive a dividend of 0.0775 per share from the financial services provider on Friday, July 15. This represents a dividend of $0.31 on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Wednesday, June 29. This is a boost from Element Fleet Management’s previous quarterly dividend of $0.07.
EFN shares traded C$0.22 lower at midday on Tuesday, hitting C$13.15. The stock had a trading volume of 1,202,138 shares, compared to an average volume of 601,599. The company has a debt ratio of 236.53, a current ratio of 7.17 and a quick ratio of 6, 73. Element Fleet Management has a 52 week minimum of C$10.99 and a 52 week maximum of C$15.12. The company’s 50-day moving average is C$12.88 and its 200-day moving average is C$12.68. The company has a market capitalization of C$5.24 billion and a price-earnings ratio of 17.59.
Element Fleet Management (TSE:EFN – Get Rating) last reported quarterly earnings data on Monday, May 9. The financial services provider reported earnings per share (EPS) of C$0.24 for the quarter, beating consensus analyst estimates of C$0.20 by C$0.04. The company posted revenue of C$260.80 million in the quarter, while analysts had expected C$239.00 million. As a group, sell-side analysts expect Element Fleet Management to post EPS of 1.0667403 for the current fiscal year.
The EFN has been the subject of several reports by research analysts. Barclays lowered its price target on Element Fleet Management shares from C$19.00 to C$17.00 and set an “equal weight” rating for the company in a Wednesday May 11 research note. Raymond James raised his price target on Element Fleet Management shares from C$13.25 to C$14.00 and gave the stock a “market performance” rating in a Tuesday research note May 10. BMO Capital Markets lowered its target price on Element Fleet Management shares from C$14.50 to C$13.50 in a Tuesday, May 10 research note. Royal Bank of Canada raised its price target on Element Fleet Management shares from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report from the Wednesday March 2. Finally, TD Securities raised its price target on Element Fleet Management shares from C$12.50 to C$13.00 and assigned the stock a “holding” rating in a research report from the Tuesday May 10. Four equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$16.15.
About Element Fleet Management (Get an assessment)
Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia and New Zealand. The Company offers fleet management services including vehicle acquisition, financing, program management and remarketing services to corporate, commercial, government and utility vehicle fleets.
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