Scotiabank Weighs in on Propel's FY2024 Earnings (TSE:PRL)

Propel Holdings Inc. (TSE:PRL - Free Report) - Investment analysts at Scotiabank lowered their FY2024 EPS estimates for Propel in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Hardie now expects that the company will post earnings of $1.62 per share for the year, down from their previous forecast of $1.99. Scotiabank currently has a "Hold" rating on the stock. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Scotiabank also issued estimates for Propel's FY2026 earnings at $3.17 EPS.

A number of other equities research analysts also recently issued reports on the company. Raymond James boosted their price target on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Stephens raised shares of Propel to a "strong-buy" rating in a report on Wednesday, November 13th. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a research report on Tuesday, October 8th. Eight Capital raised their price target on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Finally, Ventum Financial set a C$38.00 price objective on Propel and gave the stock a "buy" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $41.00.

Propel Stock Down 2.4 %

Shares of TSE PRL traded down $0.86 during midday trading on Monday, hitting $34.50. 64,843 shares of the stock traded hands, compared to its average volume of 126,936. Propel has a one year low of $12.88 and a one year high of $40.88. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.13 and a beta of 1.75. The stock has a 50-day moving average price of $37.01.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.15 per share. This is a positive change from Propel's previous quarterly dividend of $0.14. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. Propel's dividend payout ratio (DPR) is presently 39.16%.

Insider Transactions at Propel

In related news, Director Clive Kinross sold 30,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.79, for a total transaction of $1,103,817.00. Also, Senior Officer Cindy Usprech sold 859 shares of Propel stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.30, for a total transaction of $32,899.70. Over the last three months, insiders have sold 60,459 shares of company stock valued at $2,241,343. 33.31% of the stock is currently owned by insiders.

Propel Company Profile

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.