Raymond James Financial Predicts Reduced Earnings for Keyera

Key Points

• Raymond James Financial has reduced its FY2025 earnings per share estimate for Keyera Corp. to $2.29, down from a previous estimate of $2.31.
• Keyera recently increased its quarterly dividend to $0.54 per share, up from $0.52, reflecting a dividend yield of approximately 4.7%.
• Despite the earnings downgrade, Keyera maintains a consensus rating of "Buy" among analysts, with an average price target of C$51.27.

Keyera Corp. (TSE:KEY - Free Report) - Analysts at Raymond James Financial cut their FY2025 EPS estimates for shares of Keyera in a research report issued on Monday, October 6th. Raymond James Financial analyst M. Barth now expects that the company will post earnings of $2.29 per share for the year, down from their prior forecast of $2.31. Raymond James Financial currently has a "Outperform" rating and a $59.00 target price on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share. Raymond James Financial also issued estimates for Keyera's FY2027 earnings at $3.07 EPS.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price target on Keyera from C$46.00 to C$47.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. BMO Capital Markets raised shares of Keyera from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from C$45.50 to C$54.00 in a research note on Wednesday, June 18th. Tudor Pickering raised shares of Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. Citigroup upped their target price on shares of Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, National Bankshares set a C$45.00 target price on shares of Keyera and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$51.27.

Keyera Stock Performance

Shares of Keyera stock opened at C$46.41 on Wednesday. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The stock has a market capitalization of C$10.63 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.35 and a beta of 0.56. Keyera has a 12 month low of C$37.80 and a 12 month high of C$47.90. The firm's fifty day simple moving average is C$44.80 and its 200-day simple moving average is C$43.51.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from Keyera's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.7%. Keyera's dividend payout ratio is 90.04%.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.

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