Research Analysts Offer Predictions for Propel Q2 Earnings

Propel Holdings Inc. (TSE:PRL - Free Report) - Equities researchers at Ventum Cap Mkts cut their Q2 2025 earnings estimates for shares of Propel in a research note issued to investors on Friday, July 11th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.70. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Ventum Cap Mkts also issued estimates for Propel's FY2025 earnings at $3.01 EPS.

Several other analysts have also recently commented on the stock. Cormark upgraded shares of Propel to a "moderate buy" rating in a research note on Thursday, July 10th. Scotiabank decreased 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 research note on Thursday, April 24th. Finally, Raymond James Financial decreased their price objective on shares of Propel from C$46.00 to C$42.00 in a research note on Wednesday. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Strong Buy" and an average target price of $40.75.

Propel Trading Up 0.5%

TSE PRL traded up $0.19 on Monday, hitting $36.64. 131,980 shares of the company's stock traded hands, compared to its average volume of 180,110. Propel has a 1-year low of $20.99 and a 1-year high of $43.36. The firm's 50-day moving average price is $34.70 and its two-hundred day moving average price is $31.74. The firm has a market capitalization of $1.02 billion, a PE ratio of 22.66 and a beta of 1.75.

Insider Activity

In related news, Director Clive Kinross sold 10,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $34.23, for a total value of $342,300.00. Also, Senior Officer Sarika Ahluwalia sold 16,417 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $37.53, for a total transaction of $616,192.39. Over the last 90 days, insiders sold 115,493 shares of company stock worth $4,085,590. 33.31% of the stock is currently owned by corporate insiders.

Propel Cuts Dividend

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

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.