Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down - What's Next?

Key Points

• Gapped down: Shares opened at $22.86 vs. the prior close of $23.87 and were trading down about 5.7% on very light volume (123 shares).
• Analyst upgrade and consensus: Jefferies upgraded Element to a "buy" and MarketBeat shows an overall consensus rating of Buy (one Strong Buy, four Buy ratings).
• Earnings slight miss but solid profitability: Q results missed estimates with EPS $0.33 (vs. $0.34) and revenue $313M (vs. $317.8M), while ROE is 22.68% and net margin 23.55% and the stock trades at a PE of 32.61.

Element Fleet Management Corp. (OTCMKTS:ELEEF - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $23.87, but opened at $22.86. Element Fleet Management shares last traded at $22.86, with a volume of 123 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Element Fleet Management to a "buy" rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Element Fleet Management has an average rating of "Buy".

Element Fleet Management Trading Down 5.7%

The company has a debt-to-equity ratio of 20.08, a current ratio of 6.92 and a quick ratio of 6.92. The firm has a market capitalization of $8.94 billion and a PE ratio of 32.61. The business's 50-day moving average price is $23.21 and its 200-day moving average price is $24.95.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $313.00 million for the quarter, compared to analysts' expectations 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 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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