Raymond James Issues Optimistic Outlook for Propel Earnings

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Raymond James lifted their Q4 2024 earnings per share (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 forecast 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 posted its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The firm had revenue of $146.06 million during the quarter, compared to analysts’ expectations of $137.00 million.

Several other equities analysts also recently commented on PRL. Eight Capital increased their target price on shares of Propel from C$38.00 to C$45.00 in a research report on Friday. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank raised Propel from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$28.00 to C$34.00 in a research note on Friday, October 4th. Ventum Financial set a C$38.00 target price on Propel and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th.

Propel Stock Up 0.2 %

Shares of PRL opened at $39.74 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 27.79 and a beta of 1.75. The company’s fifty day moving average is $31.53 and its 200-day moving average is $25.07. Propel has a 12 month low of $8.19 and a 12 month high of $40.88.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. This is an increase from Propel’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.51%. Propel’s dividend payout ratio is presently 39.16%.

About Propel

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.