Element Financial Corp (TSE:EFN) – Equities research analysts at National Bank Financial dropped their Q2 2018 earnings per share estimates for Element Financial in a research note issued on Tuesday. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.25. National Bank Financial currently has a “Underperform” rating and a $8.00 price objective on the stock.

Element Financial (TSE:EFN) last released its earnings results on Wednesday, November 8th. The financial services provider reported C$0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.01). The firm had revenue of C$236.28 million during the quarter, compared to the consensus estimate of C$248.00 million.

A number of other equities analysts have also recently weighed in on the stock. TD Securities reduced their price target on shares of Element Financial from C$11.00 to C$10.50 and set a “hold” rating on the stock in a research report on Thursday, January 18th. Scotiabank cut their price objective on shares of Element Financial from C$10.50 to C$9.00 and set a “sector perform” rating on the stock in a research report on Tuesday. CIBC cut shares of Element Financial from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$10.00 to C$11.00 in a research report on Tuesday, October 31st. Barclays cut their price objective on shares of Element Financial from C$12.00 to C$11.00 in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on shares of Element Financial from C$12.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Element Financial presently has a consensus rating of “Hold” and a consensus price target of C$9.45.

Shares of Element Financial (TSE EFN) opened at C$5.44 on Friday. The stock has a market capitalization of $2,070.00, a price-to-earnings ratio of 22.67 and a beta of 0.74. Element Financial has a 1-year low of C$5.25 and a 1-year high of C$14.42.

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Element Financial Company Profile

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.

Earnings History and Estimates for Element Financial (TSE:EFN)

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