Analysts Issue Forecasts for Element Fleet Management Corp’s FY2021 Earnings (TSE:EFN)

Element Fleet Management Corp (TSE:EFN) – Investment analysts at National Bank Financial issued their FY2021 earnings per share (EPS) estimates for shares of Element Fleet Management in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst J. Gloyn expects that the financial services provider will post earnings per share of $1.15 for the year.

Several other analysts have also commented on the company. Raymond James reiterated a “strong-buy” rating and set a C$14.50 price objective on shares of Element Fleet Management in a report on Thursday. TD Securities increased their price objective on Element Fleet Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday. CIBC increased their price objective on Element Fleet Management from C$12.00 to C$15.00 in a report on Friday. BMO Capital Markets increased their price objective on Element Fleet Management from C$12.00 to C$13.00 in a report on Friday. Finally, Royal Bank of Canada increased their price objective on Element Fleet Management from C$14.00 to C$15.00 and gave the company a “top pick” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$14.25.

Element Fleet Management stock opened at C$11.30 on Friday. Element Fleet Management has a twelve month low of C$6.03 and a twelve month high of C$11.97. The business has a fifty day moving average of C$10.85 and a two-hundred day moving average of C$10.15. The company has a quick ratio of 9.25, a current ratio of 9.60 and a debt-to-equity ratio of 331.15. The firm has a market cap of $4.99 billion and a P/E ratio of -23.64.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.59%. Element Fleet Management’s dividend payout ratio is presently -43.93%.

Element Fleet Management Company Profile

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.

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Earnings History and Estimates for Element Fleet Management (TSE:EFN)

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