Raymond James Has Optimistic Outlook of Propel Q4 Earnings

Propel Holdings Inc. (TSE:PRL) – Analysts at Raymond James upped their Q4 2024 earnings per share (EPS) estimates for shares of Propel in a note issued to investors on Wednesday, November 6th. Raymond James analyst S. Boland now anticipates that the company will earn $0.78 per share for the quarter, up from their previous estimate 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.

PRL has been the topic of several other reports. Scotiabank upgraded Propel from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$28.00 to C$34.00 in a report on Friday, October 4th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th.

Propel Trading Up 7.3 %

PRL opened at $39.66 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 27.73 and a beta of 1.75. Propel has a twelve month low of $8.19 and a twelve month high of $40.08. The firm’s 50-day moving average price is $31.32 and its 200 day moving average price is $24.90.

Propel (TSE:PRL) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $146.06 million during the quarter, compared to analysts’ expectations of $137.00 million. Propel had a net margin of 10.17% and a return on equity of 36.84%.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio (DPR) is currently 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.