Roth Capital Comments on Propel’s FY2024 Earnings (TSE:PRL)

Propel Holdings Inc. (TSE:PRL) – Investment analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for Propel in a research note issued on Friday, November 22nd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $2.23 for the year, up from their prior forecast of $2.22. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Roth Capital also issued estimates for Propel’s Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.91 EPS and Q4 2025 earnings at $0.91 EPS.

Other equities analysts also recently issued research reports about the company. Eight Capital upped their price objective on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Raymond James upped their price target on shares of Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Stephens upgraded shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Propel has a consensus rating of “Buy” and an average price target of $41.00.

Propel Stock Down 0.9 %

PRL stock opened at $36.97 on Monday. Propel has a twelve month low of $10.37 and a twelve month high of $40.88. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.85 and a beta of 1.75. The firm’s fifty day simple moving average is $33.64 and its two-hundred day simple moving average is $26.74.

Insiders Place Their Bets

In other news, Senior Officer Cindy Usprech sold 859 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.30, for a total transaction of $32,899.70. Corporate insiders own 33.31% of the company’s stock.

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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.62%. This is an increase from Propel’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 15th. Propel’s dividend payout ratio (DPR) is 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.