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

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Roth Capital increased their FY2024 EPS estimates for Propel in a research note issued to investors on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $2.23 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.

PRL has been the topic of a number of other reports. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Raymond James lifted their price target on shares of Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Eight Capital boosted their price objective on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Finally, Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Propel Trading Down 4.9 %

Shares of TSE PRL opened at $37.31 on Monday. Propel has a 1-year low of $10.37 and a 1-year high of $40.88. The firm has a market cap of $1.28 billion, a P/E ratio of 26.09 and a beta of 1.75. The business’s 50 day moving average is $33.64 and its 200-day moving average is $26.74.

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. 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 1.61%. Propel’s dividend payout ratio (DPR) is 39.16%.

Insiders Place Their Bets

In other news, Senior Officer Cindy Usprech sold 859 shares of the business’s stock in a transaction that occurred 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 corporate insiders.

About Propel

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.