Element Fleet Management Corp. Announces Quarterly Dividend of $0.15 (TSE:EFN)

Key Points

• Element Fleet declared a quarterly dividend of C$0.15 per share, with an ex-dividend date of March 31 and shareholders of record to be paid on April 15, implying a yield of about 2.0%.
• The stock trades near C$30.11 with a market cap of C$11.97B and a P/E of 43.6, and analysts hold an average Buy rating with a consensus target of C$43.29 (individual targets range up to C$50).

Element Fleet Management Corp. (TSE:EFN - Get Free Report) declared a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, March 31st.

Element Fleet Management Trading Down 1.9%

TSE:EFN opened at C$30.11 on Friday. The company has a 50-day moving average price of C$33.17 and a 200-day moving average price of C$35.32. Element Fleet Management has a 12 month low of C$25.76 and a 12 month high of C$38.26. The company has a current ratio of 4.05, a quick ratio of 5.70 and a debt-to-equity ratio of 363.75. The stock has a market cap of C$11.97 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 2.97 and a beta of 0.23.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$0.45 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 10.11% and a return on equity of 8.48%. The company had revenue of C$430.19 million for the quarter. Equities analysts predict that Element Fleet Management will post 1.6884016 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management and gave the company an "outperform" rating in a research report on Monday, January 26th. TD Securities lowered their target price on Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group upgraded Element Fleet Management from a "hold" rating to a "buy" rating in a research report on Monday, February 23rd. Finally, National Bank Financial upped their price target on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$43.29.

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. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.

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