Equities Analysts Issue Forecasts for Propel FY2024 Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Raymond James decreased their FY2024 earnings per share estimates for shares of Propel in a research note issued to investors on Wednesday, January 22nd. Raymond James analyst S. Boland now expects that the company will earn $2.39 per share for the year, down from their prior estimate of $2.58. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Raymond James also issued estimates for Propel's Q4 2024 earnings at $0.65 EPS, Q1 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.54 EPS and FY2026 earnings at $5.15 EPS.

Propel (TSE:PRL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.19). Propel had a net margin of 10.17% and a return on equity of 36.84%.

Other equities analysts have also recently issued research reports about the company. Stephens raised Propel to a "strong-buy" rating in a report on Wednesday, November 13th. Ventum Cap Mkts raised Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Scotiabank cut Propel from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Ventum Financial set a C$38.00 price target on Propel and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Eight Capital upped their price target on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Propel currently has an average rating of "Buy" and an average price target of $41.00.

Propel Stock Down 8.5 %

Shares of Propel stock traded down $3.58 during mid-day trading on Monday, reaching $38.65. 292,299 shares of the stock traded hands, compared to its average volume of 142,127. The company has a 50-day moving average price of $36.91. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36. The stock has a market capitalization of $1.33 billion, a PE ratio of 27.03 and a beta of 1.75.

Insiders Place Their Bets

In other news, Senior Officer Jonathan Ari Goler sold 5,200 shares of Propel stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $38.30, for a total value of $199,160.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of Propel stock in a transaction on Friday, December 20th. The shares were sold at an average price of $36.13, for a total value of $202,345.92. Insiders sold a total of 60,459 shares of company stock valued at $2,241,343 over the last quarter. 33.31% of the stock is owned by insiders.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Propel's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Propel's dividend payout ratio is 39.16%.

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.