Element Fleet Management (OTCMKTS:ELEEF) Releases Earnings Results, Hits Estimates

Element Fleet Management (OTCMKTS:ELEEF) announced its quarterly earnings results on Tuesday. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35, Zacks reports. The firm had revenue of $320.71 million during the quarter, compared to analysts’ expectations of $322.28 million. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%.

Element Fleet Management Price Performance

Shares of OTCMKTS:ELEEF traded down $1.65 during trading on Wednesday, hitting $14.18. 900 shares of the stock were exchanged, compared to its average volume of 87,438. The company has a market cap of $5.55 billion and a PE ratio of 19.16. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54. The company has a fifty day moving average price of $16.80 and a two-hundred day moving average price of $20.87. Element Fleet Management has a 12-month low of $14.18 and a 12-month high of $27.03.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ELEEF. TD Securities reaffirmed a “buy” rating on shares of Element Fleet Management in a report on Monday, October 19th. Scotiabank reiterated an “outperform” rating on shares of Element Fleet Management in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, Element Fleet Management presently has an average rating of “Buy”.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.