Raymond James Has Positive Outlook for Propel Q4 Earnings

Propel Holdings Inc. (TSE:PRL) – Research analysts at Raymond James lifted their Q4 2024 earnings estimates for Propel in a report issued on Wednesday, November 6th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $0.78 for the quarter, up from their prior forecast of $0.64. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Raymond James also issued estimates for Propel’s Q2 2025 earnings at $0.64 EPS and Q3 2025 earnings at $0.81 EPS.

Other equities research analysts have also recently issued research reports about the stock. Ventum Financial set a C$38.00 target price on shares of Propel and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Eight Capital increased their price target on Propel from C$38.00 to C$45.00 in a research report on Friday. Finally, Scotiabank raised Propel from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$28.00 to C$34.00 in a report on Friday, October 4th.

Propel Price Performance

Propel stock opened at $39.74 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 27.79 and a beta of 1.75. The stock has a fifty day moving average price of $31.53 and a two-hundred day moving average price of $25.07. Propel has a 52-week low of $8.19 and a 52-week high of $40.88.

Propel (TSE:PRL) last announced its quarterly 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 business had revenue of $146.06 million for the quarter, compared to analyst estimates of $137.00 million.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. 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 dividend yield of 1.51%. Propel’s payout ratio is currently 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.