Element Fleet Management (TSE:EFN) Reaches New 1-Year Low - What's Next?

Key Points

• Element Fleet Management shares fell to a new 52-week low of C$25.26, well below their 50-day and 200-day moving averages of C$29.01 and C$29.69, respectively.
• The company reported quarterly EPS of C$0.48 on revenue of C$451.94 million, with a 12.17% net margin and 10.57% return on equity. Analysts expect full-year EPS of approximately C$1.69.
• Element maintains a quarterly dividend of C$0.15, equal to C$0.60 annually and a 2.4% yield, while insiders recently sold substantial holdings, reducing their positions by more than half in two reported transactions.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$25.26 and last traded at C$25.37, with a volume of 47870 shares traded. The stock had previously closed at C$25.70.

Element Fleet Management Stock Performance

The stock has a market capitalization of C$9.92 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 2.97 and a beta of 0.46. The company's fifty day simple moving average is C$29.01 and its 200 day simple moving average is C$29.69. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. The business had revenue of C$451.94 million during the quarter. On average, equities research analysts expect that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. Element Fleet Management's dividend payout ratio is presently 54.26%.

Insider Transactions at Element Fleet Management

In related news, insider Jacob Eisenberg sold 90,855 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the transaction, the insider directly owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This represents a 58.33% decrease in their ownership of the stock. Also, insider James Halliday sold 67,102 shares of Element Fleet Management stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$28.07, for a total transaction of C$1,883,553.14. Following the completion of the sale, the insider owned 54,301 shares of the company's stock, valued at C$1,524,229.07. This trade represents a 55.27% decrease in their position. Insiders have purchased a total of 38,420 shares of company stock worth $1,073,612 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

About Element Fleet Management

Element Fleet Management TSX: EFN is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.

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