Element Fleet Management Corp (EFN) to Post Q2 2019 Earnings of $0.20 Per Share, Cormark Forecasts
Element Fleet Management Corp (TSE:EFN) – Equities researchers at Cormark boosted their Q2 2019 earnings per share estimates for Element Fleet Management in a research report issued on Tuesday, November 13th. Cormark analyst J. Fenwick now forecasts that the financial services provider will earn $0.20 per share for the quarter, up from their prior estimate of $0.19. Cormark has a “Market Perform” rating on the stock. Cormark also issued estimates for Element Fleet Management’s Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.81 EPS, Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.23 EPS and FY2020 earnings at $0.90 EPS.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Element Fleet Management from C$8.00 to C$10.00 in a research report on Sunday, October 14th. CIBC boosted their target price on shares of Element Fleet Management from C$6.50 to C$7.00 in a research report on Wednesday, August 15th. Barclays boosted their target price on shares of Element Fleet Management from C$9.00 to C$10.00 in a research report on Wednesday, November 7th. TD Securities raised shares of Element Fleet Management from a “hold” rating to a “buy” rating and boosted their target price for the company from C$7.50 to C$10.00 in a research report on Sunday, October 14th. Finally, Royal Bank of Canada boosted their target price on shares of Element Fleet Management from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Element Fleet Management has an average rating of “Buy” and an average price target of C$8.95.
Element Fleet Management (TSE:EFN) last announced its earnings results on Monday, August 13th. The financial services provider reported C$0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.02. The business had revenue of C$219.44 million during the quarter, compared to the consensus estimate of C$216.00 million.
About Element Fleet Management
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. 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.
Further Reading: Preferred Stock
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