Q1 2018 EPS Estimates for Element Financial Corp (EFN) Cut by Analyst
Element Financial Corp (TSE:EFN) – Equities researchers at National Bank Financial lowered their Q1 2018 earnings estimates for Element Financial in a research note issued to investors on Tuesday. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn $0.19 per share for the quarter, down from their previous forecast of $0.23. National Bank Financial currently has a “Underperform” rating and a $8.00 target price on the stock. National Bank Financial also issued estimates for Element Financial’s Q3 2018 earnings at $0.20 EPS and FY2018 earnings at $0.80 EPS.
Several other research firms also recently weighed in on EFN. Royal Bank of Canada dropped their price target on Element Financial from C$12.00 to C$8.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays reduced their target price on Element Financial from C$12.00 to C$11.00 in a report on Tuesday. TD Securities lifted their target price on Element Financial from C$9.50 to C$10.50 in a report on Wednesday, October 18th. CIBC boosted their price objective on Element Financial from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 13th. Finally, Raymond James Financial reduced their price objective on Element Financial from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$9.45.
Element Financial (TSE:EFN) last posted its quarterly earnings results on Wednesday, November 8th. The financial services provider reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.01). The firm had revenue of C$236.28 million during the quarter, compared to analyst estimates of C$248.00 million.
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About Element Financial
Element Fleet Management Corp. operates as a fleet management company in North America. 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.
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