Element Fleet Management (OTCMKTS:ELEEF – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35, Zacks reports. The business had revenue of $320.71 million during the quarter, compared to the consensus estimate of $322.28 million. Element Fleet Management had a return on equity of 27.76% and a net margin of 23.24%.
Element Fleet Management Stock Down 9.4%
Element Fleet Management stock opened at $14.34 on Thursday. Element Fleet Management has a twelve month low of $13.90 and a twelve month high of $27.03. The stock has a 50 day moving average of $16.69 and a two-hundred day moving average of $20.82. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $5.58 billion and a price-to-earnings ratio of 11.56.
Analyst Ratings Changes
A number of brokerages have recently commented on ELEEF. TD Securities reaffirmed 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 research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, Element Fleet Management has an average rating of “Buy”.
Check Out Our Latest Stock Report on Element Fleet Management
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.
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