Element Fleet Management (OTCMKTS:ELEEF) Issues Earnings Results, Misses Expectations By $0.01 EPS

Element Fleet Management (OTCMKTS:ELEEF) posted its earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01), Zacks reports. The business had revenue of $313.00 million for the quarter, compared to analysts’ expectations of $317.79 million.

Element Fleet Management Stock Up 0.3%

Shares of OTCMKTS ELEEF traded up $0.07 during midday trading on Thursday, reaching $24.44. 221 shares of the company’s stock were exchanged, compared to its average volume of 39,754. Element Fleet Management has a 52-week low of $18.59 and a 52-week high of $27.57. The business’s fifty day moving average price is $25.49 and its two-hundred day moving average price is $26.06.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ELEEF shares. Jefferies Financial Group upgraded shares of Element Fleet Management to a “buy” rating in a report on Monday. Raymond James Financial reiterated a “strong-buy” rating on shares of Element Fleet Management in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, 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.