Element Fleet Management Corp (TSE:EFN) – Raymond James cut their FY2019 EPS estimates for Element Fleet Management in a research report issued on Thursday, October 17th. Raymond James analyst B. Phelan now anticipates that the financial services provider will earn $0.86 per share for the year, down from their previous estimate of $0.87. Raymond James has a “Strong-Buy” rating and a $13.50 price target on the stock. Raymond James also issued estimates for Element Fleet Management’s Q1 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.27 EPS, Q4 2020 earnings at $0.28 EPS, FY2020 earnings at $1.04 EPS, Q2 2021 earnings at $0.28 EPS and FY2021 earnings at $1.12 EPS.
Element Fleet Management (TSE:EFN) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported C$0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.21. The company had revenue of C$249.57 million for the quarter, compared to analysts’ expectations of C$237.00 million.
Several other research firms have also weighed in on EFN. TD Securities increased their price target on Element Fleet Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on Element Fleet Management from C$12.00 to C$13.00 and gave the company a “top pick” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$12.07.
TSE:EFN opened at C$11.07 on Monday. The stock’s fifty day moving average is C$10.67 and its 200 day moving average is C$9.89. Element Fleet Management has a fifty-two week low of C$6.03 and a fifty-two week high of C$11.18. The firm has a market capitalization of $4.79 billion and a PE ratio of -23.16. The company has a debt-to-equity ratio of 331.15, a quick ratio of 9.25 and a current ratio of 9.60.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is presently -43.93%.
Element Fleet Management Company Profile
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.
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