Scotiabank Comments on Propel's FY2026 Earnings (TSE:PRL)

Key Points

• Scotiabank raised Propel’s FY2026 EPS estimate to $2.24 from $2.10 and projects FY2027 EPS of $3.28, while maintaining a “Sector Perform” rating and $27 price target.
• Analyst sentiment is broadly positive: Propel has an average “Buy” rating, with recent upgrades and price-target increases from Raymond James, Stifel, TD Securities, and Ventum.
• Propel shares were trading down 4.3% at $24.21, while the company increased its quarterly dividend to $0.255, or $1.02 annually, representing a 4.2% yield.

Propel Holdings Inc. (TSE:PRL - Free Report) - Analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Propel in a report issued on Wednesday, August 19th. Scotiabank analyst P. Hardie now expects that the company will post earnings of $2.24 per share for the year, up from their previous estimate of $2.10. Scotiabank has a "Sector Perform" rating and a $27.00 price target on the stock. 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 $3.28 EPS.

A number of other equities analysts also recently weighed in on PRL. Raymond James Financial upgraded Propel from a "moderate buy" rating to a "strong-buy" rating and upped their target price for the company from C$31.00 to C$38.00 in a report on Thursday, August 6th. Stifel Nicolaus raised their price target on shares of Propel from C$34.00 to C$38.00 and gave the stock a "buy" rating in a report on Friday, August 7th. TD Securities raised shares of Propel to a "strong-buy" rating in a research report on Tuesday, July 14th. TD upped their price objective on shares of Propel from C$33.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Ventum increased their target price on shares of Propel from C$30.00 to C$34.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Propel Trading Down 4.3%

Shares of TSE PRL opened at $24.21 on Friday. Propel has a one year low of $17.24 and a one year high of $35.28. The business has a 50-day moving average price of $25.25 and a two-hundred day moving average price of $22.72. The firm has a market capitalization of $953.22 million, a PE ratio of 17.67 and a beta of 0.79.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 4.2%. This is a boost from Propel's previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 14th. Propel's dividend payout ratio is presently 46.03%.

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).

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