Roth Capital Weighs in on Propel’s FY2024 Earnings (TSE:PRL)

Propel Holdings Inc. (TSE:PRL) – Investment analysts at Roth Capital upped their FY2024 earnings per share estimates for shares of Propel in a report released on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $2.23 per share for the year, up from their previous estimate of $2.22. 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 $0.87 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.91 EPS and Q4 2025 earnings at $0.91 EPS.

PRL has been the topic of several other research reports. Eight Capital raised their price objective on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Stephens upgraded shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Propel presently has an average rating of “Buy” and a consensus price target of $41.00.

Propel Stock Up 0.7 %

Shares of TSE PRL opened at $39.23 on Monday. Propel has a 12 month low of $10.09 and a 12 month high of $40.88. The company has a market cap of $1.35 billion, a P/E ratio of 27.43 and a beta of 1.75. The business’s 50 day moving average is $33.44 and its two-hundred day moving average is $26.60.

Insider Activity at Propel

In other Propel news, Senior Officer Cindy Usprech sold 859 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.30, for a total transaction of $32,899.70. 33.31% of the stock is currently owned by insiders.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be given 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 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, November 15th. Propel’s payout ratio is 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.