Q3 Earnings Forecast for Propel Issued By Ventum Cap Mkts

Propel Holdings Inc. (TSE:PRL) – Investment analysts at Ventum Cap Mkts lifted their Q3 2024 earnings per share (EPS) estimates for shares of Propel in a research report issued to clients and investors on Tuesday, October 29th. Ventum Cap Mkts analyst R. Goff now expects that the company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.53. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel’s Q4 2024 earnings at $0.58 EPS, FY2024 earnings at $2.04 EPS and FY2025 earnings at $3.41 EPS.

A number of other analysts also recently weighed in on the company. Scotiabank upgraded Propel from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Ventum Financial set a C$38.00 price objective on Propel and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th.

Propel Price Performance

PRL opened at $35.35 on Thursday. Propel has a fifty-two week low of $7.65 and a fifty-two week high of $37.18. The company’s 50 day moving average price is $30.53 and its two-hundred day moving average price is $24.29. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 24.72 and a beta of 1.75.

Propel (TSE:PRL) last posted its earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The firm had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million.

Propel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.58%. Propel’s payout ratio is 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.