Element Fleet Management (TSE:EFN) Hits New 12-Month Low – Here’s What Happened

Element Fleet Management Corp. (TSE:EFN)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$24.77 and last traded at C$24.80, with a volume of 132965 shares. The stock had previously closed at C$25.05.

Element Fleet Management Stock Down 0.3%

The company has a market capitalization of C$9.78 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.97 and a beta of 0.46. The business’s 50-day moving average is C$28.59 and its 200-day moving average is C$29.38. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share for the quarter. The company had revenue of C$451.94 million for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%. As a group, equities analysts predict that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Element Fleet Management’s dividend payout ratio (DPR) is currently 54.26%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the sale, the insider owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This represents a 58.33% decrease in their position. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.