Scotiabank Has Pessimistic Outlook of Propel FY2025 Earnings

Propel Holdings Inc. (TSE:PRL) – Scotiabank dropped their FY2025 earnings per share estimates for shares of Propel in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Hardie now forecasts that the company will earn $2.42 per share for the year, down from their previous estimate of $2.75. Scotiabank has a “Hold” rating on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share.

Several other brokerages have also recently issued reports on PRL. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note 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. Raymond James lifted their target price on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Eight Capital lifted their price objective on shares of Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Finally, Stephens raised shares of Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $41.00.

Propel Stock Down 0.6 %

Shares of Propel stock opened at $37.24 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 26.04 and a beta of 1.75. Propel has a 52 week low of $12.34 and a 52 week high of $40.88. The stock’s fifty day moving average is $37.04 and its two-hundred day moving average is $30.83.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was 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 yield of 1.61%. Propel’s payout ratio is presently 39.16%.

Insider Activity at Propel

In related news, Senior Officer Cindy Usprech sold 5,600 shares of Propel stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $36.13, for a total value of $202,345.92. Also, Senior Officer Noah Buchman sold 18,800 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total value of $703,120.00. In the last quarter, insiders have sold 60,459 shares of company stock valued at $2,241,343. 33.31% of the stock is owned by company insiders.

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.