FY2024 Earnings Estimate for Propel Issued By Roth Capital

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Roth Capital lifted their FY2024 earnings per share estimates for shares of Propel in a note issued to investors on Tuesday, November 12th. Roth Capital analyst C. Irwin now expects that the company will post earnings per share of $2.22 for the year, up from their previous forecast of $2.09. 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 $0.75 EPS, Q2 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.81 EPS and FY2025 earnings at $3.06 EPS.

Other research analysts also recently issued reports about the stock. Eight Capital lifted their target price on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Raymond James increased their target price on shares of Propel from C$34.00 to C$40.00 in a report on Thursday, November 7th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a report on Tuesday, October 8th. 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.

Propel Stock Performance

Shares of PRL stock opened at $36.35 on Thursday. Propel has a fifty-two week low of $8.71 and a fifty-two week high of $40.88. The company has a market capitalization of $1.25 billion, a P/E ratio of 25.42 and a beta of 1.75. The stock has a 50 day moving average price of $31.95 and a two-hundred day moving average price of $25.51.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be paid a $0.15 dividend. 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 1.65%. The ex-dividend date of this dividend is Friday, November 15th. Propel’s dividend payout ratio is presently 39.16%.

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.