Element Fleet Management (OTCMKTS:ELEEF) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Element Fleet Management (OTCMKTS:ELEEF) released its quarterly earnings results on Wednesday. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01, Zacks reports. Element Fleet Management had a return on equity of 22.68% and a net margin of 23.55%.

Element Fleet Management Stock Up 0.0%

Shares of ELEEF traded up $0.01 during trading on Wednesday, reaching $22.78. The company’s stock had a trading volume of 607 shares, compared to its average volume of 27,715. The company has a fifty day moving average of $23.17 and a two-hundred day moving average of $24.92. Element Fleet Management has a twelve month low of $21.11 and a twelve month high of $27.57. The company has a market cap of $9.05 billion and a price-to-earnings ratio of 33.01. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 20.08.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Element Fleet Management to a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Element Fleet Management Company Profile

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.