Propel (PRL) Expected to Announce Quarterly Earnings on Tuesday

Propel (TSE:PRL) is projected to release its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $135.87 million for the quarter.

Propel Stock Performance

Shares of Propel stock traded up $0.86 during trading hours on Monday, hitting $30.10. The company’s stock had a trading volume of 60,112 shares, compared to its average volume of 201,980. Propel has a twelve month low of $19.91 and a twelve month high of $43.36. The firm has a fifty day moving average of $24.88 and a 200-day moving average of $32.38. The stock has a market cap of $838.01 million, a price-to-earnings ratio of 18.62 and a beta of 1.75.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were given a $0.66 dividend. This is an increase from Propel’s previous quarterly dividend of $0.15. This represents a $2.64 annualized dividend and a yield of 8.77%. The ex-dividend date was Wednesday, February 19th. Propel’s payout ratio is currently 34.64%.

Wall Street Analyst Weigh In

PRL has been the subject of several recent research reports. Scotiabank lowered their price objective on shares of Propel from C$44.00 to C$38.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Raymond James dropped their price target on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of $41.25.

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.