What is Roth Capital’s Forecast for Propel FY2024 Earnings?

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Roth Capital raised their FY2024 earnings estimates for shares of Propel in a research note issued on Tuesday, November 12th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $2.22 per share for the year, up from their previous estimate of $2.09. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Roth Capital also issued estimates for Propel’s Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.81 EPS and FY2025 earnings at $3.06 EPS.

Several other research firms have also weighed in on PRL. Scotiabank lowered shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Eight Capital raised their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Ventum Financial set a C$38.00 price target on Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a report on Friday, October 4th.

Propel Trading Down 1.8 %

PRL opened at $35.71 on Thursday. Propel has a 12-month low of $8.94 and a 12-month high of $40.88. The firm has a market capitalization of $1.23 billion, a PE ratio of 24.97 and a beta of 1.75. The firm has a 50 day moving average of $32.11 and a two-hundred day moving average of $25.65.

Propel Increases Dividend

The business 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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio (DPR) is currently 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.