FY2024 EPS Estimates for Keyera Corp. Cut by Atb Cap Markets (TSE:KEY)

Keyera Corp. (TSE:KEY) – Equities research analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for Keyera in a research report issued on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $1.97 per share for the year, down from their prior forecast of $2.00. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.18 per share.

Keyera (TSE:KEY) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). The business had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.92 billion. Keyera had a net margin of 5.26% and a return on equity of 12.77%.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price objective on Keyera from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. TD Securities upped their price target on Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Jefferies Financial Group upped their price target on Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. National Bankshares upped their price target on Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Finally, BMO Capital Markets upped their price target on Keyera from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus target price of C$38.82.

Keyera Stock Down 0.9 %

Keyera stock opened at C$38.74 on Thursday. The stock has a market cap of C$8.88 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.35 and a beta of 2.11. The company has a debt-to-equity ratio of 148.21, a quick ratio of 0.57 and a current ratio of 1.08. Keyera has a one year low of C$30.08 and a one year high of C$39.27. The stock has a fifty day moving average of C$37.09 and a 200 day moving average of C$34.98.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Friday, June 14th. Keyera’s payout ratio is presently 128.21%.

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.