TSE:EFN Q4 EPS Forecast Reduced by National Bank Financial

Element Fleet Management Corp. (TSE:EFN) – Investment analysts at National Bank Financial lowered their Q4 2024 EPS estimates for shares of Element Fleet Management in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will earn $0.36 per share for the quarter, down from their prior 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.

A number of other research analysts have also commented on EFN. Scotiabank cut their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. National Bankshares raised their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. CIBC upped their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. TD Securities raised their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Fleet Management presently has an average rating of “Moderate Buy” and an average price target of C$33.63.

Element Fleet Management Trading Down 0.7 %

Shares of EFN opened at C$28.05 on Tuesday. The stock’s 50-day moving average price is C$29.06 and its 200 day moving average price is C$28.30. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The firm has a market capitalization of C$11.32 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 12-month low of C$21.20 and a 12-month high of C$30.49.

Insider Activity at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez bought 3,375 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of C$28.92 per share, for a total transaction of C$97,618.50. Also, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Over the last quarter, insiders purchased 19,625 shares of company stock valued at $562,999 and sold 38,948 shares valued at $1,154,902. 0.26% of the stock is currently owned by company insiders.

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.