FY2024 Earnings Estimate for Propel Issued By Roth Capital

Propel Holdings Inc. (TSE:PRL) – Analysts at Roth Capital lifted their FY2024 earnings per share estimates for Propel in a report issued on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will earn $2.23 per share for the year, up from their previous forecast 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.

Other equities analysts have also recently issued reports about the stock. 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. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Eight Capital raised their target price on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Propel Trading Up 0.7 %

Propel stock opened at $39.23 on Monday. Propel has a 1 year low of $10.09 and a 1 year high of $40.88. The company’s 50-day moving average is $33.44 and its two-hundred day moving average is $26.60. The company has a market cap of $1.35 billion, a PE ratio of 27.43 and a beta of 1.75.

Insider Buying and Selling

In related news, Senior Officer Cindy Usprech sold 859 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70. 33.31% of the stock is owned by company insiders.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. This is a boost from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 15th. Propel’s dividend payout ratio is presently 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.