Q1 2024 EPS Estimates for Keyera Corp. Increased by Atb Cap Markets (TSE:KEY)

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at Atb Cap Markets boosted their Q1 2024 earnings per share estimates for shares of Keyera in a report released on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.56 for the quarter, up from their prior estimate of $0.50. The consensus estimate for Keyera's current full-year earnings is $1.91 per share.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS 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 analysts' expectations of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%.

A number of other equities research analysts have also recently commented on KEY. Stifel Nicolaus raised their price target on Keyera from C$32.00 to C$38.00 and gave the company a "buy" rating in a report on Thursday. National Bankshares raised their price target on Keyera from C$33.00 to C$34.00 and gave the company a "sector perform" rating in a report on Tuesday, January 30th. CIBC lifted their target price on Keyera from C$35.00 to C$36.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. BMO Capital Markets lifted their target price on Keyera from C$35.00 to C$36.00 and gave the stock a "market perform" rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group set a C$38.00 target price on Keyera and gave the stock a "buy" rating in a report 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 MarketBeat, Keyera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$36.67.

Keyera Price Performance

TSE:KEY traded down C$0.12 on Thursday, reaching C$35.44. 691,587 shares of the company's stock traded hands, compared to its average volume of 862,524. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22. The stock has a 50-day simple moving average of C$34.37 and a 200-day simple moving average of C$33.09. The firm has a market cap of C$8.12 billion, a PE ratio of 19.16, a P/E/G ratio of 1.33 and a beta of 2.12. Keyera has a 12 month low of C$29.31 and a 12 month high of C$35.97.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued 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 dividend yield of 5.64%. Keyera's dividend payout ratio is presently 108.11%.

About Keyera

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.