Element Fleet Management (EFN) Scheduled to Post Quarterly Earnings on Monday

Element Fleet Management (TSE:EFN) is set to announce its earnings results after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Element Fleet Management (TSE:EFN) last announced its earnings results on Monday, August 13th. The financial services provider reported C$0.19 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.17 by C$0.02. The firm had revenue of C$219.44 million during the quarter, compared to the consensus estimate of C$216.00 million.

Shares of Element Fleet Management stock opened at C$8.00 on Friday. Element Fleet Management has a one year low of C$3.21 and a one year high of C$11.03.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.30 dividend on an annualized basis and a yield of 3.75%.

A number of equities analysts have commented on EFN shares. National Bank Financial boosted their target price on shares of Element Fleet Management from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 14th. Royal Bank of Canada boosted their target price on shares of Element Fleet Management from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. Cormark boosted their target price on shares of Element Fleet Management from C$6.50 to C$7.00 in a report on Wednesday, August 15th. CIBC upped their price objective on shares of Element Fleet Management from C$6.50 to C$7.00 in a report on Wednesday, August 15th. Finally, Raymond James upgraded shares of Element Fleet Management from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$8.50 to C$10.50 in a report on Sunday, October 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$8.70.

About Element Fleet Management

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.

Further Reading: What are retained earnings?

Earnings History for Element Fleet Management (TSE:EFN)

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