Scotiabank Has Positive Outlook for Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Scotiabank increased their FY2026 earnings per share (EPS) estimates for Propel in a note issued to investors on Monday, November 2nd. Scotiabank analyst P. Hardie now forecasts that the company will post earnings per share of $2.28 for the year, up from their previous forecast 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.

PRL has been the topic of several other research reports. Raymond James Financial raised shares of Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$31.00 to C$38.00 in a research report on Thursday, August 6th. Scotia upped their price target on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price target on Propel and gave the company a “buy” rating in a research report on Monday, August 31st. Ventum lifted their price objective on Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, TD Securities raised Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Propel Trading Up 15.2%

TSE PRL opened at $30.53 on Thursday. Propel has a 1 year low of $17.24 and a 1 year high of $31.06. The company has a fifty day simple moving average of $25.08 and a 200 day simple moving average of $23.40. The company has a market cap of $1.20 billion, a P/E ratio of 22.28 and a beta of 0.79.

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

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 paid a dividend of $0.27 per share. This is a positive change from Propel’s previous quarterly dividend of $0.2550. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, November 26th. Propel’s dividend payout ratio is presently 46.03%.

Insider Buying and Selling

In other Propel news, insider Cindy Usprech sold 9,196 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The stock was 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).