Q3 2017 EPS Estimates for Element Fleet Management Corp Cut by Analyst (EFN)
Element Fleet Management Corp (TSE:EFN) – Cormark lowered their Q3 2017 earnings per share (EPS) estimates for shares of Element Fleet Management Corp in a research report issued on Monday. Cormark analyst J. Fenwick now anticipates that the financial services provider will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.22. Cormark also issued estimates for Element Fleet Management Corp’s Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.88 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.83 EPS.
Other equities analysts have also issued research reports about the company. BMO Capital Markets decreased their price target on Element Fleet Management Corp from C$15.00 to C$11.00 in a research note on Friday, August 11th. National Bank Financial set a C$11.50 price target on Element Fleet Management Corp in a research note on Tuesday, August 8th. Barclays PLC upped their price target on Element Fleet Management Corp from C$12.00 to C$14.00 in a research note on Friday, August 11th. TD Securities cut their price objective on Element Fleet Management Corp from C$11.00 to C$9.50 and set a “hold” rating on the stock in a report on Friday, August 11th. Finally, Credit Suisse Group downgraded Element Fleet Management Corp from an “outperform” rating to a “neutral” rating in a report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$11.20.
Shares of Element Fleet Management Corp (TSE EFN) opened at 9.12 on Tuesday. Element Fleet Management Corp has a 1-year low of $6.20 and a 1-year high of $14.42. The firm has a 50-day moving average price of $9.05 and a 200-day moving average price of $10.14. The stock has a market cap of $3.54 billion and a price-to-earnings ratio of 13.61.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 28th.
About Element Fleet Management Corp
Element Fleet Management Corp. operates as a fleet management company in North America. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.
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