What is Scotiabank’s Estimate for Keyera FY2027 Earnings?

Keyera Corp. (TSE:KEY) – Scotiabank boosted their FY2027 earnings estimates for shares of Keyera in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.92 for the year, up from their previous forecast of $2.90. Scotiabank currently has a “Sector Outperform” rating and a $66.00 price target on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

A number of other analysts have also recently commented on the company. Citigroup boosted their price target on Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Desjardins upped their price target on Keyera from C$103.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Scotia raised their price objective on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. Stifel Nicolaus lifted their price objective on Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Finally, Barclays lifted their price objective on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$73.00.

Keyera Price Performance

Shares of TSE KEY opened at C$54.80 on Monday. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The company has a 50 day simple moving average of C$55.54 and a two-hundred day simple moving average of C$53.99. The company has a market capitalization of C$16.08 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.35 and a beta of 0.59. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The company had revenue of C$2.40 billion during the quarter.

Insider Buying and Selling

In other news, Director Taylor Timothy Kitchen bought 500 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the acquisition, the director owned 7,500 shares in the company, valued at C$418,050. The trade was a 7.14% increase in their ownership of the stock. Company insiders own 0.39% of the company’s stock.

Keyera Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.5625 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.25 dividend on an annualized basis and a yield of 4.1%. This is a boost from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio (DPR) is presently 141.18%.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.