Roth Capital Has Bullish Outlook for Propel FY2024 Earnings

Propel Holdings Inc. (TSE:PRL) – Stock analysts at Roth Capital upped their FY2024 earnings estimates for Propel in a research report issued on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $2.23 per share for the year, up from their prior 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.

Several other research firms have also commented on PRL. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Raymond James raised their price objective on shares of Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Finally, Stephens raised shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Propel presently has an average rating of “Buy” and a consensus target price of $41.00.

Propel Stock Performance

Shares of PRL opened at $36.97 on Monday. The company has a market capitalization of $1.27 billion, a P/E ratio of 25.85 and a beta of 1.75. The business’s 50-day moving average is $33.64 and its two-hundred day moving average is $26.74. Propel has a fifty-two week low of $10.37 and a fifty-two week high of $40.88.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Cindy Usprech sold 859 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70. 33.31% of the stock is currently owned by corporate insiders.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be issued a $0.15 dividend. This is a positive change from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, November 15th. 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.