Propel Holdings Inc. (TSE:PRL – Free Report) – Ventum Cap Mkts boosted their Q3 2024 earnings per share (EPS) estimates for Propel in a note issued to investors on Tuesday, October 29th. Ventum Cap Mkts analyst R. Goff now forecasts that the company will post earnings of $0.54 per share for the quarter, up from their prior 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.
Other equities analysts have also recently issued reports about the stock. Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$28.00 to C$34.00 in a research report on Friday, October 4th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Ventum Financial set a C$38.00 target price on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th.
Propel Stock Down 1.5 %
Shares of PRL opened at $36.19 on Thursday. The business has a 50-day simple moving average of $30.35 and a two-hundred day simple moving average of $24.16. The stock has a market cap of $1.24 billion, a PE ratio of 25.31 and a beta of 1.75. Propel has a 12-month low of $7.56 and a 12-month high of $37.18.
Propel (TSE:PRL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The company had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million.
Propel Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, August 16th. Propel’s payout ratio is 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.
Featured Stories
- Five stocks we like better than Propel
- What Are Growth Stocks and Investing in Them
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- How to Capture the Benefits of Dividend Increases
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to invest in marijuana stocks in 7 steps
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Propel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propel and related companies with MarketBeat.com's FREE daily email newsletter.
