Roth Capital Issues Positive Forecast for Propel Earnings

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Roth Capital increased their Q4 2024 earnings estimates for Propel in a research note issued to investors on Tuesday, November 12th. Roth Capital analyst C. Irwin now expects that the company will earn $0.54 per share for the quarter, up from their previous estimate of $0.45. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Roth Capital also issued estimates for Propel’s Q3 2025 earnings at $0.79 EPS.

Several other brokerages have also issued reports on PRL. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Raymond James lifted their price target on shares of Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. 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. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th.

Propel Price Performance

PRL stock opened at $36.35 on Wednesday. The firm has a 50 day simple moving average of $31.95 and a two-hundred day simple moving average of $25.51. The stock has a market cap of $1.25 billion, a PE ratio of 25.42 and a beta of 1.75. Propel has a one year low of $8.71 and a one year high of $40.88.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.15 per share. This is a positive change from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, November 15th. Propel’s dividend payout ratio is currently 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.