Ventum Cap Mkts Has Negative Outlook of Propel Q1 Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Equities research analysts at Ventum Cap Mkts decreased their Q1 2025 EPS estimates for Propel in a research report issued on Thursday, March 13th. Ventum Cap Mkts analyst R. Goff now expects that the company will earn $0.69 per share for the quarter, down from their prior estimate of $0.75. 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 $0.79 EPS.

A number of other equities analysts have also issued reports on PRL. Scotiabank reduced their target price on shares of Propel from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Raymond James cut their price objective on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus price target of $42.75.

Propel Price Performance

Shares of PRL stock traded up $0.82 during trading hours on Monday, reaching $24.69. 165,211 shares of the company were exchanged, compared to its average volume of 214,002. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36. The stock's fifty day moving average is $33.03 and its two-hundred day moving average is $33.63. The company has a market cap of $687.39 million, a price-to-earnings ratio of 15.27 and a beta of 1.75.

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Insider Transactions at Propel

In other news, Senior Officer Cindy Usprech sold 5,600 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Senior Officer Noah Buchman sold 18,800 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. 33.31% of the stock is owned by insiders.

Propel Increases Dividend

The business 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. This is an increase from Propel's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. This represents a $2.64 annualized dividend and a dividend yield of 10.69%. Propel's dividend payout ratio is currently 34.64%.

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.