Element Fleet Management Corp. (TSE:EFN) Declares $0.15 Quarterly Dividend

Element Fleet Management Corp. (TSE:EFN) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Element Fleet Management Stock Performance

Shares of EFN opened at C$29.57 on Friday. Element Fleet Management has a 1 year low of C$25.32 and a 1 year high of C$38.26. The company’s 50 day simple moving average is C$28.76 and its 200 day simple moving average is C$32.00. The company has a market capitalization of C$11.71 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 2.97 and a beta of 0.66. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01.

Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The firm had revenue of C$879.58 million during the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. On average, sell-side analysts predict that Element Fleet Management will post 1.6884016 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EFN shares. TD decreased their price objective on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada dropped their target price on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Raymond James Financial downgraded Element Fleet Management from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from C$42.50 to C$42.00 in a research report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$41.88.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.