Element Fleet Management (OTCMKTS:ELEEF) Issues Earnings Results

Element Fleet Management (OTCMKTS:ELEEF) released its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35, Zacks reports. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%.

Element Fleet Management Price Performance

OTCMKTS ELEEF traded up $0.01 during trading hours on Tuesday, hitting $15.83. 215,674 shares of the company’s stock traded hands, compared to its average volume of 86,803. The company has a market capitalization of $6.20 billion and a PE ratio of 21.39. The firm’s 50-day moving average is $16.88 and its 200-day moving average is $20.92. Element Fleet Management has a 52-week low of $14.65 and a 52-week high of $27.03. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47.

Wall Street Analyst Weigh In

ELEEF has been the subject of several research reports. TD Securities restated a “buy” rating on shares of Element Fleet Management in a research note on Monday, October 19th. Scotiabank reaffirmed an “outperform” rating on shares of Element Fleet Management in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.