Roth Capital Issues Optimistic Outlook for Propel Earnings

Propel Holdings Inc. (TSE:PRL) – Analysts at Roth Capital increased their Q4 2024 earnings estimates for shares of Propel in a research report issued to clients and investors on Tuesday, November 12th. Roth Capital analyst C. Irwin now anticipates that the company will earn $0.54 per share for the quarter, up from their previous forecast of $0.45. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Roth Capital also issued estimates for Propel’s Q3 2025 earnings at $0.79 EPS.

A number of other research firms have also recently commented on PRL. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Raymond James boosted their price objective on Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Eight Capital lifted their target price on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th.

Propel Price Performance

Shares of PRL stock opened at $35.71 on Wednesday. The stock has a 50 day simple moving average of $32.11 and a 200-day simple moving average of $25.65. Propel has a 1-year low of $8.94 and a 1-year high of $40.88. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 24.97 and a beta of 1.75.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.68%. 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.