FY2025 EPS Estimates for Propel Lowered by Ventum Cap Mkts

Propel Holdings Inc. (TSE:PRL) – Equities researchers at Ventum Cap Mkts decreased their FY2025 earnings estimates for shares of Propel in a research report issued to clients and investors on Monday, March 3rd. Ventum Cap Mkts analyst R. Goff now anticipates that the company will earn $3.31 per share for the year, down from their previous forecast of $3.33. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel’s FY2026 earnings at $4.22 EPS and FY2027 earnings at $5.13 EPS.

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

Propel Stock Performance

TSE:PRL opened at $27.39 on Thursday. The firm’s 50-day moving average is $35.74 and its 200-day moving average is $33.77. Propel has a 52-week low of $14.97 and a 52-week high of $43.36. The company has a market cap of $762.56 million, a price-to-earnings ratio of 16.94 and a beta of 1.75.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.66 per share. This is a boost from Propel’s previous quarterly dividend of $0.15. This represents a $2.64 annualized dividend and a yield of 9.64%. The ex-dividend date was Wednesday, February 19th. Propel’s payout ratio is currently 34.64%.

Insider Transactions at Propel

In other news, Senior Officer Cindy Usprech sold 5,600 shares of the business’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. Also, Director Clive Kinross sold 30,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $36.79, for a total transaction of $1,103,817.00. Insiders sold a total of 54,400 shares of company stock worth $2,009,283 in the last quarter. 33.31% of the stock is owned by company insiders.

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.