Element Fleet Management (ELEEF) to Release Quarterly Earnings on Wednesday

Key Points

• Element Fleet will report quarterly results after the market close on Wednesday, May 6, with analysts forecasting $0.3353 EPS and $312.09 million in revenue.
• In the prior quarter the company missed estimates, reporting $0.33 EPS versus a $0.34 consensus and $313.0 million in revenue versus $317.79 million expected.
• Shares trade around $23.30 with a market cap of about $9.26 billion and a P/E of 33.8, while analyst coverage is positive (one Strong Buy, four Buy ratings; consensus: Buy).

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) is anticipated to announce its results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.3353 per share and revenue of $312.0860 million for the quarter.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $313.00 million for the quarter, compared to analyst estimates of $317.79 million. Element Fleet Management had a return on equity of 22.68% and a net margin of 23.55%.

Element Fleet Management Trading Down 0.6%

Element Fleet Management stock opened at $23.30 on Wednesday. Element Fleet Management has a one year low of $21.11 and a one year high of $27.57. The company has a market capitalization of $9.26 billion and a price-to-earnings ratio of 33.77. The company's fifty day moving average price is $23.26 and its two-hundred day moving average price is $24.99. The company has a debt-to-equity ratio of 20.08, a current ratio of 6.92 and a quick ratio of 6.92.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Element Fleet Management to a "buy" rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, Element Fleet Management has an average rating of "Buy".

Element Fleet Management Company Profile

Element Fleet Management OTCMKTS: ELEEF is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.

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