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

Propel Holdings Inc. (TSE:PRL) – Stock analysts at Ventum Cap Mkts raised their FY2024 EPS estimates for shares of Propel in a report issued on Wednesday, February 12th. Ventum Cap Mkts analyst R. Goff now forecasts that the company will earn $2.07 per share for the year, up from their previous 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.

Several other brokerages have also recently commented on PRL. Raymond James raised their target price on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Stephens upgraded Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Eight Capital lifted their price target on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $41.00.

Propel Stock Performance

TSE PRL opened at $35.20 on Monday. The firm’s 50 day moving average price is $36.99 and its two-hundred day moving average price is $33.50. Propel has a twelve month low of $14.97 and a twelve month high of $43.36. The stock has a market cap of $980.00 million, a price-to-earnings ratio of 21.77 and a beta of 1.75.

Insider Activity at Propel

In related news, Director Clive Kinross sold 30,000 shares of Propel stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.79, for a total transaction of $1,103,817.00. Also, Senior Officer Noah Buchman sold 18,800 shares of Propel stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total value of $703,120.00. Over the last 90 days, insiders sold 59,600 shares of company stock valued at $2,208,443. Insiders own 33.31% of the company’s stock.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th will be given a dividend of $0.66 per share. This is a boost 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 dividend on an annualized basis and a yield of 7.50%. Propel’s dividend payout ratio (DPR) 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.