What is Scotiabank’s Estimate for Keyera FY2027 Earnings?

Keyera Corp. (TSE:KEY) – Investment analysts at Scotiabank upped their FY2027 earnings estimates for Keyera in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the company will earn $2.92 per share for the year, up from their previous forecast of $2.90. Scotiabank has a “Sector Outperform” rating and a $66.00 price objective on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

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

KEY has been the topic of a number of other research reports. Stifel Nicolaus raised their price target on Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a research note on Friday, September 4th. Barclays boosted their price objective on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Desjardins increased their price objective on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, September 4th. BMO Capital Markets decreased their price objective on Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a report on Friday, September 4th. Finally, TD lowered their target price on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$73.00.

Keyera Stock Down 0.6%

Keyera stock opened at C$54.49 on Monday. The company has a market capitalization of C$15.99 billion, a P/E ratio of 35.61, a PEG 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 has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The stock has a 50-day simple moving average of C$55.45 and a 200-day simple moving average of C$54.05.

Insider Activity

In related news, Director Taylor Timothy Kitchen purchased 500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the transaction, the director directly owned 7,500 shares of the company’s stock, valued at approximately C$418,050. The trade was a 7.14% increase in their position. 0.39% of the stock is currently owned by corporate insiders.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.5625 per share. This is an increase from Keyera’s previous quarterly dividend of $0.54. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Keyera’s dividend payout ratio is 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.