Propel Holdings Inc. (TSE:PRL - Free Report) - Investment analysts at Ventum Cap Mkts lifted their Q3 2024 earnings per share (EPS) estimates for shares of Propel in a report released on Tuesday, October 29th. Ventum Cap Mkts analyst R. Goff now forecasts that the company will earn $0.54 per share for the quarter, up from their previous forecast of $0.53. 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 $0.58 EPS, FY2024 earnings at $2.04 EPS and FY2025 earnings at $3.41 EPS.
Propel (TSE:PRL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The firm had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million.
A number of other research analysts have also recently weighed in on PRL. 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. Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Scotiabank upgraded shares of Propel from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th.
Read Our Latest Analysis on PRL
Propel Stock Performance
Propel stock traded down $0.56 during midday trading on Thursday, reaching $36.19. The company's stock had a trading volume of 160,981 shares, compared to its average volume of 88,367. The firm has a market capitalization of $1.24 billion, a PE ratio of 25.31 and a beta of 1.75. Propel has a fifty-two week low of $7.56 and a fifty-two week high of $37.18. The stock's 50 day simple moving average is $30.35 and its 200 day simple moving average is $24.16.
Propel Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, August 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.55%. Propel's dividend payout ratio (DPR) is presently 39.16%.
About Propel
(
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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.
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