Ventum Cap Mkts Predicts Propel’s FY2024 Earnings (TSE:PRL)

Propel Holdings Inc. (TSE:PRL) – Analysts at Ventum Cap Mkts upped their FY2024 earnings estimates for Propel in a research report issued on Wednesday, February 12th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will post earnings of $2.07 per share for the year, up from their prior estimate of $2.02. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel’s FY2024 earnings at $2.07 EPS, Q1 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.79 EPS, FY2025 earnings at $3.33 EPS, FY2025 earnings at $3.33 EPS, FY2026 earnings at $4.25 EPS, FY2026 earnings at $4.25 EPS and FY2027 earnings at $5.16 EPS.

A number of other research analysts have also recently commented on PRL. Eight Capital boosted their target price on shares of Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Scotiabank lowered shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Raymond James lifted their price target on shares of Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Finally, Stephens upgraded shares of Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $41.00.

Propel Trading Down 1.6 %

TSE PRL opened at $35.20 on Monday. The company’s fifty day simple moving average is $36.99 and its 200-day simple moving average is $33.50. Propel has a 52 week low of $14.97 and a 52 week high of $43.36. The stock has a market cap of $980.00 million, a P/E ratio of 21.77 and a beta of 1.75.

Insider Buying and Selling at Propel

In other news, Director Clive Kinross sold 30,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $36.79, for a total transaction of $1,103,817.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Insiders sold a total of 59,600 shares of company stock worth $2,208,443 over the last 90 days. Insiders own 33.31% of the company’s stock.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.66 per share. This is a positive change from Propel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.64 annualized dividend and a yield of 7.50%. Propel’s payout ratio is presently 34.64%.

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.