Element Fleet Management (ELEEF) Set to Announce Quarterly Earnings on Tuesday

Key Points

• Element Fleet Management is expected to report quarterly earnings after the market closes Tuesday, November 3. Analysts forecast earnings of $0.3541 per share and revenue of $322.51 million.
• In its prior quarter, the company reported $0.34 EPS and $318.09 million in revenue, missing analyst estimates for both measures by small margins.
• The stock recently traded at $15.40, near its 52-week low of $14.65, while analysts maintained a generally positive outlook with an average “Buy” rating.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) is expected to be posting its results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.3541 per share and revenue of $322.51 million for the quarter.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $318.09 million for the quarter, compared to analyst estimates of $320.07 million. Element Fleet Management had a return on equity of 24.75% and a net margin of 23.33%.

Element Fleet Management Trading Up 0.7%

OTCMKTS:ELEEF traded up $0.10 during trading hours on Tuesday, reaching $15.40. 105 shares of the company were exchanged, compared to its average volume of 81,680. The firm has a market cap of $6.03 billion and a price-to-earnings ratio of 20.81. The stock has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $21.20. Element Fleet Management has a 52-week low of $14.65 and a 52-week high of $27.14. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Securities restated a "buy" rating on shares of Element Fleet Management in a report on Monday, October 19th. Scotiabank reiterated an "outperform" rating on shares of Element Fleet Management in a report on Monday. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Element Fleet Management Company Profile

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.

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