FY2024 Earnings Forecast for Propel Issued By Raymond James

Propel Holdings Inc. (TSE:PRL) – Research analysts at Raymond James lifted their FY2024 EPS estimates for shares of Propel in a report issued on Wednesday, November 6th. Raymond James analyst S. Boland now forecasts that the company will earn $2.45 per share for the year, up from their prior estimate 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.

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

Propel Stock Down 3.9 %

PRL opened at $38.18 on Monday. Propel has a 52-week low of $8.65 and a 52-week high of $40.88. The company has a 50 day moving average of $31.70 and a two-hundred day moving average of $25.22. The company has a market cap of $1.31 billion, a P/E ratio of 26.70 and a beta of 1.75.

Propel Increases Dividend

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