Brokers Offer Predictions for Propel Holdings Inc.'s Q3 2024 Earnings (TSE:PRL)

Propel Holdings Inc. (TSE:PRL - Free Report) - Ventum Cap Mkts issued their Q3 2024 earnings per share (EPS) estimates for shares of Propel in a research report issued to clients and investors on Tuesday, October 8th. Ventum Cap Mkts analyst R. Goff anticipates that the company will earn $0.53 per share for the quarter. Ventum Cap Mkts has a "Strong-Buy" rating on the stock. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel's Q4 2024 earnings at $0.57 EPS, FY2024 earnings at $2.01 EPS, FY2025 earnings at $3.36 EPS, FY2026 earnings at $4.28 EPS and FY2027 earnings at $5.24 EPS.

Propel (TSE:PRL - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million. Propel had a return on equity of 36.84% and a net margin of 10.17%.

Several other equities research analysts also recently commented on the company. Scotiabank raised Propel from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Ventum Financial set a C$38.00 price objective on Propel and gave the company a "buy" rating in a report on Wednesday. Finally, Canaccord Genuity Group raised Propel to a "strong-buy" rating in a report on Friday, October 4th.

Propel Stock Up 3.6 %

Shares of TSE PRL traded up $1.15 during trading hours on Friday, hitting $33.45. The company had a trading volume of 153,252 shares, compared to its average volume of 85,928. The stock has a market capitalization of $1.15 billion, a P/E ratio of 22.59 and a beta of 1.75. Propel has a 1-year low of $7.07 and a 1-year high of $33.65. The firm's 50 day moving average is $28.03 and its 200-day moving average is $21.95.

Propel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, August 16th. Propel's dividend payout ratio (DPR) is presently 39.16%.

About Propel

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.