FY2024 Earnings Estimate for Propel Issued By Raymond James

Propel Holdings Inc. (TSE:PRL) – Analysts at Raymond James lifted their FY2024 earnings estimates for shares of Propel in a research note issued on Wednesday, November 6th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $2.45 for the year, up from their prior forecast of $2.42. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Raymond James also issued estimates for Propel’s Q1 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $3.51 EPS.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Eight Capital upped their target price on Propel from C$38.00 to C$45.00 in a research note on Friday. Finally, Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th.

Propel Trading Down 3.9 %

Shares of PRL opened at $38.18 on Monday. The firm’s 50-day moving average is $31.70 and its two-hundred day moving average is $25.22. Propel has a twelve month low of $8.65 and a twelve month high of $40.88. The firm has a market capitalization of $1.31 billion, a P/E ratio of 26.70 and a beta of 1.75.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio (DPR) 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.