Element Fleet Management (OTCMKTS:ELEEF) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Element Fleet Management (OTCMKTS:ELEEF) released its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Zacks reports. Element Fleet Management had a return on equity of 23.87% and a net margin of 23.95%.

Element Fleet Management Stock Performance

OTCMKTS:ELEEF traded down $0.32 on Wednesday, hitting $22.45. The stock had a trading volume of 31,878 shares, compared to its average volume of 57,849. The business’s 50-day simple moving average is $20.68 and its two-hundred day simple moving average is $22.40. The stock has a market cap of $8.79 billion and a price-to-earnings ratio of 30.34. Element Fleet Management has a 52-week low of $18.47 and a 52-week high of $27.57. The company has a quick ratio of 7.73, a current ratio of 7.73 and a debt-to-equity ratio of 3.55.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.