Analysts Set Expectations for TSE:EFN Q4 Earnings

Element Fleet Management Corp. (TSE:EFN) – Research analysts at National Bank Financial reduced their Q4 2024 earnings estimates for Element Fleet Management in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.38. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share. National Bank Financial also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.45 EPS, FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.89 EPS.

Other equities analysts also recently issued reports about the stock. Raymond James boosted their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Scotiabank cut their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their price objective for the company from C$32.00 to C$30.00 in a report on Friday, November 15th. CIBC upped their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, TD Securities upped their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Element Fleet Management has an average rating of “Moderate Buy” and an average price target of C$33.63.

Element Fleet Management Stock Down 1.1 %

TSE:EFN opened at C$28.25 on Tuesday. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$30.49. The company has a 50-day moving average of C$29.10 and a 200 day moving average of C$28.28. The firm has a market cap of C$11.40 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

Insider Activity

In other Element Fleet Management news, Senior Officer Heath Leslie Valkenburg bought 2,550 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of C$28.46 per share, for a total transaction of C$72,571.98. Also, Senior Officer Carlos David Madrigal Gonzalez bought 3,375 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$28.92 per share, with a total value of C$97,618.50. In the last quarter, insiders purchased 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. Company insiders own 0.26% of the company’s stock.

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.