Scotiabank Issues Pessimistic Outlook for Propel Earnings

Propel Holdings Inc. (TSE:PRL) – Analysts at Scotiabank decreased their FY2025 EPS estimates for Propel in a research note issued to investors on Tuesday, October 28th. Scotiabank analyst P. Hardie now anticipates that the company will earn $2.71 per share for the year, down from their previous forecast of $2.84. Scotiabank currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Scotiabank also issued estimates for Propel’s FY2026 earnings at $3.75 EPS.

Other analysts also recently issued reports about the company. Cormark upgraded Propel to a “moderate buy” rating in a report on Thursday, July 10th. Raymond James Financial lowered their target price on Propel from C$46.00 to C$42.00 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Propel Stock Up 0.5%

Propel stock opened at $24.89 on Thursday. Propel has a 52-week low of $20.99 and a 52-week high of $43.36. The firm has a market capitalization of $970.59 million, a P/E ratio of 16.82 and a beta of 1.11. The firm has a fifty day moving average of $29.55 and a 200-day moving average of $31.91.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.78 per share. This is a boost from Propel’s previous quarterly dividend of $0.18. This represents a $3.12 annualized dividend and a dividend yield of 12.5%. The ex-dividend date was Wednesday, August 27th. Propel’s payout ratio is 30.81%.

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.