Ventum Cap Mkts Has Bearish Outlook for Propel Q1 Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Equities researchers at Ventum Cap Mkts decreased their Q1 2025 earnings per share estimates for Propel in a report released on Thursday, April 24th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will earn $0.67 per share for the quarter, down from their prior forecast of $0.69. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel's Q2 2025 earnings at $0.76 EPS.

Several other equities research analysts also recently issued reports on the company. Scotiabank lowered their price target on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Thursday. Raymond James reduced their price objective on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Propel currently has a consensus rating of "Strong Buy" and an average target price of $41.25.

Propel Price Performance

Shares of TSE PRL traded down $0.03 during trading hours on Friday, hitting $26.71. 110,533 shares of the stock were exchanged, compared to its average volume of 208,149. The firm has a market capitalization of $743.63 million, a P/E ratio of 16.52 and a beta of 1.75. Propel has a one year low of $19.91 and a one year high of $43.36. The company's 50 day moving average is $25.28 and its 200 day moving average is $32.57.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Propel's previous quarterly dividend of $0.15. This represents a $2.64 dividend on an annualized basis and a dividend yield of 9.88%. Propel's payout ratio is currently 34.64%.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.