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Roth Capital Has Strong Forecast for Propel FY2024 Earnings

Propel logo with Financial Services background

Propel Holdings Inc. (TSE:PRL - Free Report) - Analysts at Roth Capital lifted their FY2024 earnings per share estimates for shares of Propel in a research report issued on Tuesday, November 12th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of $2.22 for the year, up from their previous forecast of $2.09. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Roth Capital also issued estimates for Propel's Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.81 EPS and FY2025 earnings at $3.06 EPS.

A number of other equities analysts have also issued reports on PRL. Eight Capital increased their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Ventum Financial set a C$38.00 target price on Propel and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Scotiabank cut Propel from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Ventum Cap Mkts upgraded Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Finally, Raymond James raised their target price on Propel from C$34.00 to C$40.00 in a report on Thursday, November 7th.

View Our Latest Research Report on PRL

Propel Trading Down 0.1 %

PRL traded down $0.04 during trading hours on Thursday, hitting $36.31. The company's stock had a trading volume of 86,579 shares, compared to its average volume of 93,076. Propel has a fifty-two week low of $8.94 and a fifty-two week high of $40.88. The firm has a market capitalization of $1.25 billion, a PE ratio of 25.42 and a beta of 1.75. The company has a 50-day simple moving average of $31.95 and a 200 day simple moving average of $25.51.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be given a $0.15 dividend. This is an increase from Propel's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, November 15th. Propel's dividend payout ratio (DPR) is currently 39.16%.

Propel Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Propel (TSE:PRL)

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