Element Fleet Management (TSE:EFN) Sets New 12-Month Low - What's Next?

Key Points

• Element Fleet Management shares fell 5% to C$22.66, touching a new 52-week low of C$22.58 and trading well below their 50-day and 200-day moving averages.
• The company reported quarterly revenue of C$451.94 million and EPS of C$0.48, with a 12.17% net margin and 10.57% return on equity. Analysts project full-year EPS of approximately C$1.69.
• Insider activity was mixed: insider Jose Manuel Tamayo purchased 2,343 shares, while Jacob Eisenberg sold 90,855 shares. Insiders collectively own just 0.26% of the company.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as C$22.58 and last traded at C$22.66, with a volume of 2694941 shares traded. The stock had previously closed at C$23.85.

Element Fleet Management Stock Down 5.0%

The business's 50 day moving average is C$27.57 and its 200-day moving average is C$28.88. The company has a debt-to-equity ratio of 357.23, a current ratio of -1,179.03 and a quick ratio of 5.70. The company has a market cap of C$8.87 billion, a PE ratio of 30.62, a P/E/G ratio of 2.97 and a beta of 0.46.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of C$451.94 million for the quarter. As a group, analysts predict that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jose Manuel Tamayo bought 2,343 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of C$24.75 per share, for a total transaction of C$57,989.25. Following the completion of the purchase, the insider owned 3,844 shares in the company, valued at approximately C$95,139. This trade represents a 156.10% increase in their position. Also, insider Jacob Eisenberg sold 90,855 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 64,897 shares in the company, valued at C$1,704,195.22. This trade represents a 58.33% decrease in their position. Insiders own 0.26% of the company's stock.

Element Fleet Management Company Profile

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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