Scotiabank Has Bullish Estimate for Propel FY2026 Earnings

Propel Holdings Inc. (TSE:PRL) – Analysts at Scotiabank raised their FY2026 EPS estimates for shares of Propel in a research report issued to clients and investors on Wednesday, July 29th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings of $2.10 per share for the year, up from their prior estimate of $2.05. Scotiabank currently has a “Sector Perform” rating and a $27.00 price target on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share.

PRL has been the subject of several other reports. TD set a C$33.00 target price on Propel and gave the stock a “buy” rating in a research report on Tuesday, July 14th. TD Securities raised Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial dropped their price target on Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Propel has a consensus rating of “Buy”.

Propel Trading Down 0.8%

Propel stock opened at $24.53 on Friday. The business’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $22.48. Propel has a 12 month low of $17.24 and a 12 month high of $37.33. The company has a market cap of $965.55 million, a price-to-earnings ratio of 18.31 and a beta of 0.81.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Propel’s previous quarterly dividend of $0.23. Propel’s payout ratio is presently 43.86%.

Propel Company Profile

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).