Atb Cap Markets Weighs in on Keyera Corp.’s FY2024 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Research analysts at Atb Cap Markets increased their FY2024 earnings per share estimates for shares of Keyera in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $2.05 per share for the year, up from their previous estimate of $2.01. The consensus estimate for Keyera’s current full-year earnings is $1.91 per share.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The company had revenue of C$2.30 billion for the quarter, compared to analyst estimates 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 brokerages also recently issued reports on KEY. Jefferies Financial Group set a C$38.00 price target on Keyera and gave the stock a “buy” rating in a research report on Tuesday, February 27th. TD Securities lifted their price objective on Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Citigroup lifted their target price on Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on Keyera from C$35.00 to C$36.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus boosted their target price on Keyera from C$32.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keyera has an average rating of “Moderate Buy” and an average target price of C$36.67.

Keyera Stock Down 0.3 %

Shares of KEY opened at C$35.44 on Friday. Keyera has a 52 week low of C$29.31 and a 52 week high of C$35.97. 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 company has a market capitalization of C$8.12 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.33 and a beta of 2.12. The stock’s 50-day moving average price is C$34.37 and its 200-day moving average price is C$33.09.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date was Thursday, March 14th. Keyera’s dividend payout ratio is currently 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.