What is Scotiabank's Forecast for Keyera FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Keyera to C$1.68 from C$1.69, while maintaining a “Sector Outperform” rating and a C$66 price target. The estimate remains below the broader consensus of C$2.22 per share.
• Keyera reported quarterly EPS of C$1.19 on C$2.40 billion in revenue, with a 10.81% return on equity and a 5.02% net margin.
• The company increased its quarterly dividend to C$0.5625, equivalent to C$2.25 annually and a 4.1% yield. Analysts overall rate the stock “Moderate Buy,” with a consensus target price of C$73.

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for Keyera in a research note issued on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $1.68 for the year, down from their previous forecast of $1.69. Scotiabank has a "Sector Outperform" rating and a $66.00 price objective 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 announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. The company had revenue of C$2.40 billion during the quarter.

A number of other research firms have also commented on KEY. Royal Bank Of Canada lifted their price target on shares of Keyera from C$62.00 to C$66.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Citigroup upped their price objective on shares of Keyera from C$102.00 to C$106.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Desjardins raised their target price on shares of Keyera from C$103.00 to C$112.00 and gave the company a "buy" rating in a research note on Friday, September 4th. BMO Capital Markets cut their target price on shares of Keyera from C$65.00 to C$64.00 and set an "outperform" rating for the company in a research report on Friday, September 4th. Finally, Scotia upped their price target on shares of Keyera from C$88.00 to C$92.00 and gave the company a "sector perform" rating in a report on Friday, September 4th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$73.00.

Keyera Stock Down 1.7%

KEY opened at C$54.64 on Friday. The firm has a market cap of C$16.03 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The business has a 50 day moving average price of C$55.65 and a 200 day moving average price of C$55.90. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41.

Insider Activity

In related news, Director Taylor Timothy Kitchen bought 500 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director owned 7,500 shares of the company's stock, valued at C$418,050. The trade was a 7.14% increase in their position. Insiders own 0.39% of the company's stock.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.5625 dividend. This is a positive change from Keyera's previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Keyera's dividend payout ratio (DPR) 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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