Q1 2024 Earnings Forecast for Keyera Corp. Issued By Atb Cap Markets (TSE:KEY)

Keyera Corp. (TSE:KEY) – Equities researchers at Atb Cap Markets lifted their Q1 2024 earnings estimates for Keyera in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.56 per share 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) last issued its 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 the consensus estimate of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%.

A number of other brokerages also recently weighed in on KEY. CIBC boosted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Citigroup lifted their price objective on shares of Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus lifted their price objective on shares of Keyera from C$32.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD Securities lifted their price objective on shares of Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$36.67.

Keyera Price Performance

Shares of KEY opened at C$35.59 on Thursday. 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 1-year low of C$29.31 and a 1-year high of C$35.97. The company’s fifty day simple moving average is C$34.42 and its 200 day simple moving average is C$33.12. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. Keyera’s payout ratio 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.