Scotiabank Has Negative Outlook of Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of Propel in a research report issued on Thursday, March 5th. Scotiabank analyst P. Hardie now anticipates that the company will earn $2.25 per share for the year, down from their prior forecast of $3.63. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Scotiabank also issued estimates for Propel’s FY2027 earnings at $3.25 EPS.

PRL has been the subject of several other reports. Canaccord Genuity Group reduced their price objective on Propel from C$37.00 to C$27.00 in a report on Wednesday, March 4th. Stifel Nicolaus lowered their target price on 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 dropped their price target on Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Ventum Financial cut their price target on Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, ATB Cormark Capital Markets decreased their price objective on Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Propel has a consensus rating of “Buy”.

Propel Trading Down 5.1%

TSE:PRL opened at $20.07 on Monday. Propel has a 12 month low of $17.50 and a 12 month high of $39.15. The firm’s 50 day moving average is $23.56 and its 200 day moving average is $25.81. The stock has a market capitalization of $789.83 million, a PE ratio of 12.87 and a beta of 0.35.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Propel’s previous quarterly dividend of $0.21. Propel’s payout ratio is presently 31.67%.

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).