Scotiabank Comments on Propel’s FY2025 Earnings (TSE:PRL)

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

Other equities research analysts have also issued research reports about the company. Raymond James upped their target price on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Eight Capital upped their price target on shares of Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Finally, Stephens upgraded Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Propel has a consensus rating of “Buy” and a consensus price target of $41.00.

Propel Stock Performance

Shares of PRL stock opened at $35.36 on Friday. Propel has a fifty-two week low of $12.34 and a fifty-two week high of $40.88. The firm has a market capitalization of $1.22 billion, a PE ratio of 24.73 and a beta of 1.75. The stock’s 50-day simple moving average is $37.01 and its 200-day simple moving average is $30.98.

Insider Buying and Selling

In other Propel news, Director Clive Kinross sold 30,000 shares of Propel stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $36.79, for a total transaction of $1,103,817.00. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $38.30, for a total value of $199,160.00. Over the last three months, insiders sold 60,459 shares of company stock worth $2,241,343. Company insiders own 33.31% of the company’s stock.

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. Propel’s dividend payout ratio is currently 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.