What is Raymond James’ Forecast for TSE:EFN FY2024 Earnings?

Element Fleet Management Corp. (TSE:EFN) – Research analysts at Raymond James raised their FY2024 earnings per share estimates for Element Fleet Management in a note issued to investors on Thursday, November 14th. Raymond James analyst S. Boland now expects that the financial services provider will earn $1.60 per share for the year, up from their previous estimate of $1.54. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS and FY2025 earnings at $1.79 EPS.

Other research analysts have also recently issued research reports about the company. National Bankshares increased their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Royal Bank of Canada increased their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Scotiabank cut their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. CIBC raised their price target on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised their price target on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. One research 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 stock. According to MarketBeat, Element Fleet Management has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Stock Performance

The business has a 50-day simple moving average of C$28.66 and a two-hundred day simple moving average of C$26.37. The stock has a market capitalization of C$11.43 billion, a PE ratio of 21.18, 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. Element Fleet Management has a 52-week low of C$20.69 and a 52-week high of C$30.04.

Insiders Place Their Bets

In other news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$27.40, for a total value of C$142,480.00. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by company insiders.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of ∞. Element Fleet Management’s dividend payout ratio is presently 37.50%.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.