Element Fleet Management (OTCMKTS:ELEEF) Issues Quarterly Earnings Results

Element Fleet Management (OTCMKTS:ELEEF) issued its quarterly earnings results on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01, Zacks reports. Element Fleet Management had a net margin of 23.55% and a return on equity of 22.68%.

Element Fleet Management Stock Up 0.0%

Element Fleet Management stock opened at $22.78 on Thursday. The firm has a market capitalization of $9.05 billion and a PE ratio of 33.01. The company’s 50-day moving average is $23.13 and its 200-day moving average is $24.90. Element Fleet Management has a fifty-two week low of $21.11 and a fifty-two week high of $27.57. The company has a debt-to-equity ratio of 20.08, a current ratio of 6.92 and a quick ratio of 6.92.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Element Fleet Management to a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Element Fleet Management

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.