Scotiabank Has Positive Opinion of Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Equities research analysts at Scotiabank raised their FY2026 earnings estimates for shares of Propel in a report issued on Monday, November 2nd. Scotiabank analyst P. Hardie now expects that the company will post earnings per share of $2.28 for the year, up from their prior estimate of $2.24. 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 $3.43 EPS.

Propel (TSE:PRL) last issued its earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). The business had revenue of $201.47 million for the quarter, compared to analyst estimates of $279.95 million. Propel had a net margin of 8.68% and a return on equity of 21.79%.

Several other research firms have also weighed in on PRL. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the company a “buy” rating in a research note on Monday, August 31st. ATB Cormark Capital Markets raised their target price on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Scotia boosted 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. TD Securities raised Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, TD set a C$37.00 price target on Propel and gave the company a “buy” rating in a research report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Propel Stock Up 15.2%

Shares of PRL opened at $30.53 on Thursday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 22.28 and a beta of 0.79. Propel has a 12 month low of $17.24 and a 12 month high of $31.06. The company has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $23.40.

Propel Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, November 26th. This represents a $1.08 annualized dividend and a yield of 3.5%. This is an increase from Propel’s previous quarterly dividend of $0.2550. Propel’s payout ratio is 46.03%.

Insider Buying and Selling

In other Propel news, insider Cindy Usprech sold 9,196 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $25.86, for a total value of $237,808.56. 33.31% of the stock is currently owned by company insiders.

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).