FY2024 EPS Estimates for Keyera Corp. Lifted by Atb Cap Markets (TSE:KEY)

Keyera Corp. (TSE:KEYFree Report) – Investment analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for Keyera in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $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:KEYGet Free Report) last issued its earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion during the quarter, compared to the consensus estimate of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%.

Several other research firms also recently issued reports on KEY. Citigroup upped their price objective on Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group set a C$38.00 price objective on Keyera and gave the company a “buy” rating in a research note on Tuesday, February 27th. BMO Capital Markets upped their price objective on Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. National Bankshares upped their price objective on Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus upped their price objective on Keyera from C$32.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.67.

Read Our Latest Stock Report on Keyera

Keyera Stock Up 0.4 %

Shares of TSE KEY opened at C$35.59 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22. The company has a market cap of C$8.16 billion, a price-to-earnings ratio of 19.24, a PEG 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. The stock has a 50-day moving average price of C$34.42 and a two-hundred day moving average price of C$33.12.

Keyera Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 5.62%. The ex-dividend date was Thursday, March 14th. Keyera’s payout ratio is presently 108.11%.

About Keyera

(Get Free Report)

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.

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Earnings History and Estimates for Keyera (TSE:KEY)

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