Element Fleet Management Corp.

EFN

CA2861812014

Corporate Financial Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-28 pm EDT			5-day change	1st Jan Change
24.18 ^CAD	-0.66%		-2.26%	+12.15%

May. 16	BMO Raises Element Fleet Target to $28, Maintains Outperform, After Q1	MT
May. 15	Element Fleet Management Corp. Approves Election of Luis Tellez as Director	CI

Element Fleet Management Corp. Provides Earnings Guidance for the Full Year 2024

May 14, 2024 at 05:29 pm EDT

Element Fleet Management Corp. provided earnings guidance for the full year 2024. The company expects to report net revenue in the range of USD 1.020 billion - USD 1.040 billion, implied year-over-year growth 6%-8%.

Latest news about Element Fleet Management Corp.

BMO Raises Element Fleet Target to $28, Maintains Outperform, After Q1	May. 16	MT
Element Fleet Management Corp. Approves Election of Luis Tellez as Director	May. 15	CI
Element Fleet Management Target Raised to $33, Outperform Maintained, at National Bank	May. 15	MT
Transcript : Element Fleet Management Corp. - Shareholder/Analyst Call	May. 15
Transcript : Element Fleet Management Corp., Q1 2024 Earnings Call, May 15, 2024	May. 15
Element Fleet Management Corp. Authorizes and Declares Quarterly Dividend for the Second Quarter of 2024, Payable on July 15, 2024	May. 14	CI
Element Fleet Management Corp. Provides Earnings Guidance for the Full Year 2024	May. 14	CI
Element Fleet Management Brief: Management "Remains confident in its ability to meet, or potentially exceed, the upper end of guidance on most metrics"	May. 14	MT
Element Fleet Management Brief: Record quarterly net revenue of US$262.5 million driving record adjusted EPS of US$0.27 and adjusted free cash flow per share of US$0.35	May. 14	MT
Element Fleet Management Starts Operations in Singapore, and Announces Collaboration with BYD	Apr. 25	MT
Element Fleet Management Brief: Announcing Collaboration with BYD, a Global New energy vehicle (NEV) manufacturer and power battery supplier	Apr. 25	MT
Element Fleet Management Corp. Commences Operations in Its Newest Global Location in Singapore	Apr. 25	CI
Element Fleet Management Corp. Appoints Christine Lee Barber as Head of Asia Operations	Apr. 25	CI
Element Fleet Management Corp. Announces Collaboration with BYD	Apr. 25	CI
S&P Rates Element Fleet Management's Proposed Senior Unsecured Notes Due 2027	Mar. 05	MT
Element Announces Pricing Of Private Offering Of Senior Notes	Mar. 04	MT
Element Fleet Management Corp. Announces Pricing of Private Offering of Senior Notes	Mar. 04	CI
Element Fleet Management Announces Proposed Private Offering of Senior Notes	Mar. 04	MT
Element Fleet Management Corp. Announces Proposed Private Offering of Senior Notes	Mar. 04	CI
Transcript : Element Fleet Management Corp., Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Element Fleet Management Price Target Raised to $25 at CIBC	Feb. 28	MT
Element Fleet Management Reports Q4 Adjusted EPS Basic $0.33: Provides Update On Strategic Initiatives	Feb. 27	MT
Element Fleet Management Corp. Declares Dividend for the First Quarter of 2024, Payable on April 15, 2024	Feb. 27	CI
Element Fleet Management Corp. Reaffirms Earnings Guidance for Full-Year 2024	Feb. 27	CI
Element Fleet Management Brief: Company's leasing and strategic sourcing initiatives "Remain On Track" to be operational by mid-2024	Feb. 27	MT

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Company Profile

Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching around 56 countries worldwide through the Element-Arval Global Alliance. The Company provides solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities. Its services include acquisition, electric vehicle, financing, title and registration, collision management, fleet partnerships solutions, fuel, safety, taxable benefits, fleet telematics connectivity solutions, remarketing, sale leaseback, tolls and violations, and strategic fleet consulting. The Company has around 1.5 million client vehicles under management.

Sector

Corporate Financial Services

Calendar

2024-06-11 - SDAC DEFY Conference

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Ratings for Element Fleet Management Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.18 CAD

Average target price

28.22 CAD

Spread / Average Target

+16.72%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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