What is Scotiabank’s Forecast for Propel FY2027 Earnings?

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Propel in a research note issued on Wednesday, May 6th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings of $3.14 per share for the year, up from their previous estimate of $3.12. Scotiabank has a “Sector Perform” rating and a $27.00 price objective on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share.

PRL has been the subject of several other reports. Canaccord Genuity Group decreased their price objective on Propel from C$37.00 to C$27.00 in a research report on Wednesday, March 4th. ATB Cormark Capital Markets dropped their target price on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Stifel Nicolaus cut their price target on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Raymond James Financial reduced their price target on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Ventum Financial dropped their price objective on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Propel Price Performance

Shares of Propel stock opened at $23.07 on Friday. The company has a market capitalization of $908.10 million, a P/E ratio of 16.36 and a beta of 0.56. The business has a 50-day moving average of $20.19 and a two-hundred day moving average of $22.71. Propel has a 1 year low of $17.24 and a 1 year high of $39.15.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, February 20th. This is a boost from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.9%. Propel’s dividend payout ratio is 38.09%.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).