Raymond James Financial Lowers Earnings Estimates for Propel

Propel Holdings Inc. (TSE:PRL) – Research analysts at Raymond James Financial cut their FY2025 EPS estimates for Propel in a note issued to investors on Tuesday, July 15th. Raymond James Financial analyst S. Boland now forecasts that the company will post earnings per share of $2.90 for the year, down from their previous forecast of $3.30. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Raymond James Financial also issued estimates for Propel’s FY2026 earnings at $4.01 EPS.

A number of other research analysts have also recently weighed in on the stock. Cormark raised shares of Propel to a “moderate buy” rating in a report on Thursday, July 10th. Scotiabank cut their price objective on shares of Propel from C$44.00 to C$38.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $40.75.

Propel Price Performance

Shares of Propel stock opened at $36.64 on Thursday. Propel has a 1 year low of $20.99 and a 1 year high of $43.36. The firm has a fifty day moving average price of $34.70 and a 200 day moving average price of $31.74. The stock has a market cap of $1.02 billion, a PE ratio of 22.66 and a beta of 1.75.

Propel Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were given a $0.18 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. Propel’s dividend payout ratio (DPR) is 34.64%.

Insiders Place Their Bets

In related news, Senior Officer Sarika Ahluwalia sold 16,417 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $37.53, for a total transaction of $616,192.39. Also, Director Clive Kinross sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $37.69, for a total transaction of $188,470.00. Over the last quarter, insiders have sold 115,493 shares of company stock valued at $4,085,590. 33.31% of the stock is owned by company insiders.

Propel Company Profile

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.