Element Fleet Management (TSE:EFN) Releases Quarterly Earnings Results

Element Fleet Management (TSE:EFN) released its earnings results on Tuesday. The financial services provider reported C$0.45 EPS for the quarter, FiscalAI reports. The firm had revenue of C$430.19 million during the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%.

Element Fleet Management Stock Up 0.5%

Shares of Element Fleet Management stock opened at C$34.46 on Wednesday. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a 52-week low of C$25.76 and a 52-week high of C$38.26. The stock has a 50-day simple moving average of C$35.11 and a 200-day simple moving average of C$36.17. The firm has a market cap of C$13.78 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.97 and a beta of 0.31.

Analyst Ratings Changes

Several analysts recently issued reports on EFN shares. National Bank Financial increased their price target on Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group upgraded shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday. Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada set a C$47.00 price target on Element Fleet Management and gave the stock an “outperform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$43.43.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.