FY2024 Earnings Forecast for Propel Issued By Roth Capital

Propel Holdings Inc. (TSE:PRL - Free Report) - Roth Capital boosted their FY2024 earnings estimates for shares of Propel in a research report issued to clients and investors on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $2.23 for the year, up from their previous forecast of $2.22. 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 $0.87 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.91 EPS and Q4 2025 earnings at $0.91 EPS.

A number of other research analysts have also recently weighed in on the company. Raymond James lifted their price objective on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Ventum Financial set a C$38.00 price target on shares of Propel and gave the company a "buy" rating in a report on Wednesday, October 9th. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a research report on Tuesday, October 8th. Scotiabank downgraded shares of Propel from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Propel has an average rating of "Buy" and an average target price of $41.00.

Propel Trading Down 4.9 %

TSE PRL traded down $1.92 on Monday, hitting $37.31. 726,511 shares of the company traded hands, compared to its average volume of 98,225. The business's 50 day moving average price is $33.44 and its 200-day moving average price is $26.60. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.43 and a beta of 1.75. Propel has a 52-week low of $10.37 and a 52-week high of $40.88.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be issued a $0.15 dividend. This is an increase from Propel's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, November 15th. Propel's payout ratio is currently 39.16%.

Insiders Place Their Bets

In related news, Senior Officer Cindy Usprech sold 859 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70. Corporate insiders own 33.31% of the company's stock.

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.