FY2025 Earnings Forecast for Propel Issued By Scotiabank

Propel Holdings Inc. (TSE:PRL) – Research analysts at Scotiabank reduced their FY2025 EPS estimates for Propel in a report issued on Wednesday, January 8th. Scotiabank analyst P. Hardie now anticipates that the company will earn $2.42 per share for the year, down from their prior estimate of $2.75. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share.

A number of other analysts have also recently weighed in on PRL. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Raymond James increased their target price on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. 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, Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.00.

Propel Price Performance

PRL stock opened at $35.36 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 24.73 and a beta of 1.75. The company has a 50 day simple moving average of $37.04 and a 200 day simple moving average of $30.83. Propel has a 1 year low of $12.34 and a 1 year high of $40.88.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, November 15th. This is a positive change from Propel’s previous quarterly dividend of $0.14. Propel’s payout ratio is 39.16%.

Insider Activity

In other news, Senior Officer Cindy Usprech sold 859 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total transaction of $32,899.70. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of Propel 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 sold 60,459 shares of company stock valued at $2,241,343. Company insiders own 33.31% of the company’s stock.

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.