FY2024 EPS Estimates for Keyera Corp. (TSE:KEY) Lifted by National Bank Financial

Keyera Corp. (TSE:KEY) – Analysts at National Bank Financial lifted their FY2024 EPS estimates for Keyera in a note issued to investors on Thursday, August 8th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.08 per share for the year, up from their prior estimate of $2.06. The consensus estimate for Keyera’s current full-year earnings is $2.26 per share. National Bank Financial also issued estimates for Keyera’s FY2025 earnings at $2.24 EPS.

A number of other analysts have also weighed in on KEY. Royal Bank of Canada upped their target price on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday. Citigroup lifted their price objective on shares of Keyera from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Atb Cap Markets raised Keyera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. Stifel Nicolaus raised their target price on Keyera from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, CIBC upped their price target on Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.64.

Keyera Stock Up 1.0 %

Shares of TSE KEY opened at C$39.51 on Monday. The stock has a market cap of C$9.05 billion, a P/E ratio of 25.33, a PEG ratio of 1.35 and a beta of 2.09. The business’s fifty day simple moving average is C$37.74 and its 200-day simple moving average is C$35.58. Keyera has a 12-month low of C$30.08 and a 12-month high of C$39.55. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 148.21.

Keyera (TSE:KEY) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 EPS for the quarter, missing the consensus estimate of C$0.52 by C($0.21). Keyera had a net margin of 5.26% and a return on equity of 12.77%. The business had revenue of C$1.52 billion during the quarter, compared to analysts’ expectations of C$1.92 billion.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.26%. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, September 13th. Keyera’s dividend payout ratio is presently 128.21%.

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.