Raymond James Financial Expects Reduced Earnings for Propel

Propel Holdings Inc. (TSE:PRL - Free Report) - Research analysts at Raymond James Financial reduced their FY2025 earnings estimates for shares of Propel in a research note issued to investors on Tuesday, July 15th. Raymond James Financial analyst S. Boland now expects that the company will earn $2.90 per share for the year, down from their previous forecast of $3.30. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Raymond James Financial also issued estimates for Propel's FY2026 earnings at $4.01 EPS.

A number of other analysts have also issued reports on the stock. Cormark upgraded shares of Propel to a "moderate buy" rating in a research note on Thursday, July 10th. Scotiabank cut their price objective on shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy" and a consensus target price of $40.75.

Propel Trading Down 2.3%

Shares of Propel stock traded down $0.85 during mid-day trading on Thursday, hitting $35.79. 92,680 shares of the stock were exchanged, compared to its average volume of 179,476. The stock has a market capitalization of $996.43 million, a price-to-earnings ratio of 22.14 and a beta of 1.75. Propel has a twelve month low of $20.99 and a twelve month high of $43.36. The company has a 50-day simple moving average of $34.77 and a 200 day simple moving average of $31.70.

Insiders Place Their Bets

In related news, Senior Officer Sarika Ahluwalia sold 16,417 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $37.53, for a total value of $616,192.39. Also, Director Clive Kinross sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $37.69, for a total value of $188,470.00. Insiders have sold a total of 115,493 shares of company stock worth $4,085,590 in the last quarter. Corporate insiders own 33.31% of the company's stock.

Propel Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. Propel's payout ratio 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.