Element Fleet Management (OTCMKTS:ELEEF) Posts Quarterly Earnings Results, Meets Expectations

Element Fleet Management (OTCMKTS:ELEEF) announced its earnings results on Tuesday. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35, Zacks reports. Element Fleet Management had a return on equity of 24.75% and a net margin of 23.33%.

Element Fleet Management Trading Up 0.1%

Shares of ELEEF traded up $0.01 during trading hours on Tuesday, hitting $15.83. 215,674 shares of the stock traded hands, compared to its average volume of 263,892. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54. Element Fleet Management has a 1-year low of $14.65 and a 1-year high of $27.03. The firm has a market capitalization of $6.20 billion and a PE ratio of 11.72. The business has a fifty day moving average of $16.80 and a 200-day moving average of $20.87.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Element Fleet Management in a research note on Monday, October 19th. Scotiabank reiterated an “outperform” rating on shares of Element Fleet Management in a research report 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, 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.