Element Fleet Management (OTCMKTS:ELEEF) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Element Fleet Management (OTCMKTS:ELEEF) posted its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01), Zacks reports. The firm had revenue of $318.09 million during the quarter, compared to analysts’ expectations of $320.07 million. Element Fleet Management had a net margin of 23.95% and a return on equity of 23.87%.

Element Fleet Management Trading Down 8.0%

ELEEF traded down $1.80 during trading hours on Thursday, reaching $20.65. The company’s stock had a trading volume of 5,508 shares, compared to its average volume of 57,456. The stock has a market cap of $8.08 billion and a PE ratio of 27.91. Element Fleet Management has a fifty-two week low of $18.47 and a fifty-two week high of $27.57. The company has a debt-to-equity ratio of 3.55, a current ratio of 7.73 and a quick ratio of 7.73. The business’s 50-day moving average is $20.73 and its 200-day moving average is $22.38.

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.