Research Analysts Issue Forecasts for Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Scotiabank lowered their FY2026 EPS estimates for Propel in a research report issued on Thursday, March 5th. Scotiabank analyst P. Hardie now anticipates that the company will earn $2.25 per share for the year, down from their previous forecast of $3.63. 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 $3.25 EPS.

PRL has been the topic of a number of other research reports. ATB Cormark Capital Markets cut their price target on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Ventum Financial lowered their price objective on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Canaccord Genuity Group dropped their price objective on shares of Propel from C$37.00 to C$27.00 in a report on Wednesday, March 4th. Raymond James Financial cut their target price on Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus reduced their target price on Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Propel Stock Up 2.5%

PRL stock opened at $20.58 on Monday. The firm has a 50 day moving average of $23.47 and a 200 day moving average of $25.73. The stock has a market capitalization of $809.91 million, a PE ratio of 13.19 and a beta of 0.35. Propel has a 52 week low of $17.50 and a 52 week high of $39.15.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, March 4th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.4%. This is an increase from Propel’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 20th. Propel’s payout ratio is currently 31.67%.

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).