Element Fleet Management (ELEEF) Set to Release Earnings on Tuesday

Element Fleet Management (OTCMKTS:ELEEF) will likely be announcing its results after the market closes on Tuesday, November 3rd. Analysts expect Element Fleet Management to announce earnings of $0.3541 per share and revenue of $322.51 million for the quarter.

Element Fleet Management (OTCMKTS:ELEEF) last released 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 business had revenue of $318.09 million during 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 Stock Up 0.7%

ELEEF traded up $0.10 on Tuesday, reaching $15.40. The company’s stock had a trading volume of 105 shares, compared to its average volume of 81,680. The stock has a market cap of $6.03 billion and a price-to-earnings ratio of 20.81. Element Fleet Management has a 1 year low of $14.65 and a 1 year 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. The business’s 50 day moving average is $17.41 and its 200 day moving average is $21.20.

Analyst Ratings Changes

Several research firms have issued reports on ELEEF. Scotiabank restated an “outperform” rating on shares of Element Fleet Management in a report on Monday. TD Securities reiterated a “buy” rating on shares of Element Fleet Management in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

About Element Fleet Management

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.