Research Analysts Issue Forecasts for Propel Q4 Earnings

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for Propel in a research note issued on Wednesday, November 6th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $0.78 per share for the quarter, up from their previous estimate of $0.64. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Raymond James also issued estimates for Propel’s Q2 2025 earnings at $0.64 EPS and Q3 2025 earnings at $0.81 EPS.

A number of other equities research analysts have also commented on PRL. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Eight Capital lifted their price target on Propel from C$38.00 to C$45.00 in a research note on Friday. Scotiabank upgraded Propel from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th.

Propel Stock Performance

Shares of PRL stock opened at $39.74 on Friday. Propel has a 52 week low of $8.19 and a 52 week high of $40.88. The company’s 50 day moving average price is $31.53 and its two-hundred day moving average price is $25.07. The company has a market capitalization of $1.37 billion, a P/E ratio of 27.79 and a beta of 1.75.

Propel (TSE:PRL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The business had revenue of $146.06 million for the quarter, compared to analysts’ expectations of $137.00 million.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.51%. Propel’s payout ratio is 39.16%.

About Propel

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.