Keyera Corp. (TSE:KEY) Forecasted to Post FY2024 Earnings of $2.05 Per Share

Keyera Corp. (TSE:KEY) – Research analysts at Atb Cap Markets upped their FY2024 EPS estimates for shares of Keyera in a report released on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $2.05 for the year, up from their previous estimate of $2.01. The consensus estimate for Keyera’s current full-year earnings is $1.91 per share.

Several other research firms have also recently weighed in on KEY. TD Securities raised their target price on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Citigroup raised their target price on shares of Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets raised their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. CIBC raised their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and an average price target of C$36.67.

Keyera Price Performance

TSE KEY opened at C$35.44 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22. Keyera has a 12-month low of C$29.31 and a 12-month high of C$35.97. The company has a market capitalization of C$8.12 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.33 and a beta of 2.12. The firm’s 50 day moving average is C$34.37 and its 200-day moving average is C$33.09.

Keyera (TSE:KEY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. The business had revenue of C$2.30 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.64%. Keyera’s dividend payout ratio is 108.11%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.