FY2024 EPS Estimates for Propel Increased by Ventum Cap Mkts

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Ventum Cap Mkts lifted their FY2024 earnings per share estimates for shares of Propel in a research report issued to clients and investors on Wednesday, February 12th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will post earnings of $2.07 per share for the year, up from their prior estimate of $2.02. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel’s FY2024 earnings at $2.07 EPS, Q1 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.79 EPS, FY2025 earnings at $3.33 EPS, FY2025 earnings at $3.33 EPS, FY2026 earnings at $4.25 EPS, FY2026 earnings at $4.25 EPS and FY2027 earnings at $5.16 EPS.

A number of other equities analysts also recently weighed in on PRL. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Raymond James boosted their target price on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Stephens upgraded Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Eight Capital boosted their target price on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $41.00.

Propel Price Performance

Shares of PRL opened at $35.76 on Monday. The business’s 50 day moving average is $37.02. The company has a market cap of $995.59 million, a price-to-earnings ratio of 22.12 and a beta of 1.75. Propel has a 52 week low of $14.97 and a 52 week high of $43.36.

Insider Activity at Propel

In other news, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $36.13, for a total value of $202,345.92. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $38.30, for a total transaction of $199,160.00. Over the last quarter, insiders have sold 59,600 shares of company stock worth $2,208,443. Insiders own 33.31% of the company’s stock.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th will be paid a $0.66 dividend. This is an increase from Propel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.64 annualized dividend and a yield of 7.38%. Propel’s dividend payout ratio is presently 34.64%.

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.