Keyera Corp. (TSE:KEY) to Post FY2024 Earnings of $2.00 Per Share, Atb Cap Markets Forecasts

Keyera Corp. (TSE:KEY - Free Report) - Stock analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Keyera in a research report issued on Tuesday, May 14th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $2.00 per share for the year, down from their previous forecast of $2.05. Atb Cap Markets currently has a "Strong-Buy" rating on the stock. The consensus estimate for Keyera's current full-year earnings is $1.93 per share. Atb Cap Markets also issued estimates for Keyera's Q4 2024 earnings at $0.66 EPS.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping 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%.

Several other analysts also recently issued reports on the company. National Bankshares raised their price target on Keyera from C$34.00 to C$35.00 in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of Keyera from C$36.00 to C$38.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Securities upped their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the company a "buy" rating in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Keyera from C$38.00 to C$39.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, ATB Capital increased their target price on Keyera from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$38.17.

Keyera Trading Up 0.1 %

Shares of Keyera stock traded up C$0.05 during mid-day trading on Friday, hitting C$36.74. 1,212,087 shares of the stock were exchanged, compared to its average volume of 850,959. The company has a 50-day simple moving average of C$34.89 and a 200 day simple moving average of C$33.38. Keyera has a twelve month low of C$29.31 and a twelve month high of C$36.94. The stock has a market capitalization of C$8.42 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.11. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.50 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. Keyera's dividend payout ratio (DPR) is presently 108.11%.

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.