Element Fleet Management Corp. Plans Quarterly Dividend of $0.12 (TSE:EFN)

Element Fleet Management Corp. (TSE:EFN) announced a quarterly dividend on Friday, September 27th, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.12 per share by the financial services provider on Tuesday, October 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, September 27th.

Element Fleet Management Stock Down 0.2 %

EFN stock opened at C$28.20 on Thursday. Element Fleet Management has a 1-year low of C$18.50 and a 1-year high of C$28.89. The stock has a market cap of C$11.38 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.97 and a beta of 0.91. The stock’s fifty day simple moving average is C$27.05 and its two-hundred day simple moving average is C$24.57. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The company had revenue of C$375.68 million during the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. Analysts expect that Element Fleet Management will post 1.6895933 EPS for the current year.

Wall Street Analysts Forecast Growth

EFN has been the subject of several research reports. BMO Capital Markets increased their price objective on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Jefferies Financial Group upped their price objective on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. TD Securities lifted their target price on shares of Element Fleet Management from C$30.00 to C$32.00 in a research note on Friday, September 20th. Royal Bank of Canada upped their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Finally, Scotiabank lifted their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Element Fleet Management has a consensus rating of “Moderate Buy” and an average price target of C$31.50.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.23% of the company’s stock.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.