Ventum Cap Mkts Issues Negative Forecast for Propel Earnings

Propel Holdings Inc. (TSE:PRL) – Analysts at Ventum Cap Mkts decreased their Q1 2025 earnings estimates for shares of Propel in a report issued on Thursday, March 13th. Ventum Cap Mkts analyst R. Goff now expects that the company will post earnings per share of $0.69 for the quarter, down from their previous estimate of $0.75. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel’s Q2 2025 earnings at $0.79 EPS.

Several other research firms have also recently issued reports on PRL. Raymond James dropped their price target on Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Scotiabank cut their target price on Propel from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $42.75.

Propel Price Performance

TSE PRL opened at $23.65 on Monday. Propel has a 12 month low of $14.97 and a 12 month high of $43.36. The company has a market capitalization of $658.44 million, a P/E ratio of 14.63 and a beta of 1.75. The company’s 50 day simple moving average is $33.57 and its 200 day simple moving average is $33.73.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 11.16%. This is a boost from Propel’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. Propel’s payout ratio is presently 34.64%.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Noah Buchman sold 18,800 shares of Propel stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Company insiders own 33.31% of the company’s stock.

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.