Scotiabank Issues Pessimistic Estimate for Propel Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Equities researchers at Scotiabank reduced their FY2025 EPS estimates for shares of Propel in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings of $2.42 per share for the year, down from their previous forecast of $2.75. Scotiabank has a "Hold" rating on the stock. The consensus estimate for Propel's current full-year earnings is $5.39 per share.

PRL has been the subject of several other research reports. Raymond James boosted their target price on Propel from C$40.00 to C$47.00 in a research note 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 research report on Wednesday, October 9th. Eight Capital lifted their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Ventum Cap Mkts upgraded Propel to a "strong-buy" rating in a research note on Tuesday, October 8th. Finally, Canaccord Genuity Group raised Propel to a "strong-buy" rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Propel presently has a consensus rating of "Buy" and an average price target of $41.00.

Propel Trading Down 5.0 %

TSE:PRL traded down $1.88 during trading hours on Friday, hitting $35.36. The company's stock had a trading volume of 178,758 shares, compared to its average volume of 136,804. The stock has a fifty day moving average of $37.04 and a 200-day moving average of $30.83. The stock has a market capitalization of $1.22 billion, a P/E ratio of 24.73 and a beta of 1.75. Propel has a 52-week low of $12.34 and a 52-week high of $40.88.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Propel's previous quarterly dividend of $0.14. Propel's dividend payout ratio (DPR) is currently 39.16%.

Insider Activity at Propel

In other Propel news, Senior Officer Cindy Usprech sold 859 shares of the business'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. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $38.30, for a total transaction of $199,160.00. Insiders have sold 60,459 shares of company stock worth $2,241,343 in the last quarter. Company 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.