FY2025 Earnings Forecast for Propel Issued By Scotiabank

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Scotiabank dropped their FY2025 earnings estimates for Propel in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Hardie now anticipates that the company will post earnings per share of $2.42 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 research analysts also recently issued research reports about the company. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Eight Capital increased their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Ventum Financial set a C$38.00 price objective on Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Propel Price Performance

Shares of TSE:PRL opened at $37.24 on Friday. Propel has a 12 month low of $12.34 and a 12 month high of $40.88. The firm has a market capitalization of $1.28 billion, a P/E ratio of 26.04 and a beta of 1.75. The company’s fifty day moving average price is $37.04 and its 200 day moving average price is $30.83.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Senior Officer Noah Buchman sold 18,800 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total value of $703,120.00. Over the last three months, insiders have sold 60,459 shares of company stock worth $2,241,343. 33.31% of the stock is owned by insiders.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were paid a dividend of $0.15 per share. This is an increase from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was 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.