Scotiabank Has Positive Outlook for Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Scotiabank raised their FY2026 EPS estimates for shares of Propel in a note issued to investors on Wednesday, November 11th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings of $2.31 per share for the year, up from their previous estimate of $2.28. 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 $3.46 EPS.

Propel (TSE:PRL) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.12). The firm had revenue of $201.47 million for the quarter, compared to the consensus estimate of $279.95 million. Propel had a return on equity of 21.79% and a net margin of 8.68%.

PRL has been the subject of several other reports. ATB Cormark Capital Markets upped their target price on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. TD set a C$37.00 price target on Propel and gave the company a “buy” rating in a research note on Wednesday, October 14th. Scotia lifted their price target on Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the stock from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, Stifel Nicolaus upped their price objective on Propel from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Propel Price Performance

Shares of TSE:PRL opened at $26.71 on Friday. The company’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $23.52. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.55 and a beta of 0.79. Propel has a 1 year low of $17.24 and a 1 year high of $31.06.

Insider Activity

In related news, insider Cindy Usprech sold 9,196 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $25.86, for a total transaction of $237,808.56. Company insiders own 33.31% of the company’s stock.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, December 3rd will be issued a dividend of $0.27 per share. This is a boost from Propel’s previous quarterly dividend of $0.2550. The ex-dividend date of this dividend is Thursday, November 26th. This represents a $1.08 annualized dividend and a dividend yield of 4.0%. Propel’s payout ratio is presently 46.68%.

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).