Raymond James Has Positive Estimate for Propel Q4 Earnings

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Raymond James lifted their Q4 2024 EPS estimates for shares of Propel in a research report issued to clients and investors on Wednesday, November 6th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $0.78 for the quarter, up from their prior 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.

Propel (TSE:PRL) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm 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%.

Several other equities analysts have also weighed in on PRL. Scotiabank raised shares of Propel from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Propel Trading Up 7.3 %

Shares of PRL stock opened at $39.66 on Friday. Propel has a twelve month low of $8.19 and a twelve month high of $40.08. The stock has a market cap of $1.36 billion, a P/E ratio of 27.73 and a beta of 1.75. The stock has a 50 day moving average of $31.32 and a 200 day moving average of $24.90.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. Propel’s dividend payout ratio 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.