Scotiabank Has Positive Forecast for Keyera FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Keyera to C$2.92 from C$2.90 and maintained a “Sector Outperform” rating with a C$66 price target.
• Keyera reported quarterly EPS of C$1.19 on C$2.40 billion in revenue, with a 5.02% net margin and 10.81% return on equity.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus, while Keyera increased its quarterly dividend to C$0.5625, equivalent to a 4.1% annualized yield.

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at Scotiabank upped their FY2027 earnings estimates for Keyera in a report released on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.92 for the year, up from their previous estimate of $2.90. Scotiabank has a "Sector Outperform" rating and a $66.00 price target on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The company had revenue of C$2.40 billion for the quarter.

A number of other equities research analysts also recently issued reports on KEY. Desjardins increased their target price on shares of Keyera from C$103.00 to C$112.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Royal Bank Of Canada increased their price objective on Keyera from C$62.00 to C$66.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Stifel Nicolaus raised their price objective on shares of Keyera from C$85.00 to C$90.00 and gave the company a "hold" rating in a research report on Friday, September 4th. Citigroup lifted their target price on shares of Keyera from C$102.00 to C$106.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Finally, Barclays lifted their target price on shares of Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Keyera presently has a consensus rating of "Moderate Buy" and an average price target of C$73.00.

Keyera Stock Performance

KEY opened at C$54.92 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. The business's 50 day moving average is C$55.57 and its 200-day moving average is C$55.91. The stock has a market cap of C$16.12 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41.

Insider Buying and Selling

In other news, Director Taylor Timothy Kitchen bought 500 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the purchase, the director owned 7,500 shares of the company's stock, valued at C$418,050. This trade represents a 7.14% increase in their position. 0.39% of the stock is currently owned by company insiders.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a $0.5625 dividend. This is a positive change from Keyera's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.25 annualized dividend and a yield of 4.1%. Keyera's payout ratio is currently 141.18%.

Keyera Company Profile

Keyera Corp. TSX: KEY operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

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