National Bank Financial Estimates TSE:EFN FY2024 Earnings

Element Fleet Management Corp. (TSE:EFN) – Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for Element Fleet Management in a research report issued to clients and investors on Wednesday, November 13th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will earn $1.56 per share for the year, up from their previous estimate of $1.55. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share. National Bank Financial also issued estimates for Element Fleet Management’s Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.46 EPS and FY2026 earnings at $1.95 EPS.

EFN has been the topic of a number of other research reports. Scotiabank lowered their price objective on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday. BMO Capital Markets raised their price target on Element Fleet Management from C$28.00 to C$32.00 in a research report 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, October 31st. National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday. Finally, Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$32.00 to C$30.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Element Fleet Management has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Stock Performance

TSE:EFN opened at C$27.11 on Friday. The firm has a market cap of C$10.94 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The firm’s fifty day moving average price is C$28.66 and its 200 day moving average price is C$26.30. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a 1-year low of C$20.62 and a 1-year high of C$30.04.

Insider Transactions at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.26% of the company’s stock.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Element Fleet Management Company Profile

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.