Ventum Cap Mkts Has Weak Forecast for Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Equities research analysts at Ventum Cap Mkts cut their FY2026 earnings per share estimates for shares of Propel in a report released on Friday, November 8th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will earn $4.17 per share for the year, down from their prior forecast of $4.28. 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 FY2027 earnings at $5.09 EPS.

A number of other equities research analysts have also recently weighed in on PRL. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a "buy" rating in a research note on Wednesday, October 9th. Canaccord Genuity Group upgraded Propel to a "strong-buy" rating in a research report on Friday, October 4th. Scotiabank upgraded shares of Propel from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$28.00 to C$34.00 in a report on Friday, October 4th. Raymond James raised their target price on Propel from C$34.00 to C$40.00 in a research report on Thursday. Finally, Eight Capital boosted their price objective on shares of Propel from C$38.00 to C$45.00 in a research report on Friday.

Propel Price Performance

PRL stock traded down $1.56 on Monday, reaching $38.18. The company's stock had a trading volume of 297,230 shares, compared to its average volume of 91,594. The firm has a fifty day moving average of $31.53 and a two-hundred day moving average of $25.07. The company has a market capitalization of $1.31 billion, a P/E ratio of 27.79 and a beta of 1.75. Propel has a 52 week low of $8.65 and a 52 week high of $40.88.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.57%. This is an increase from Propel's previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 15th. Propel's dividend payout ratio is presently 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.