Q4 2018 EPS Estimates for Keyera Corp Cut by Analyst (KEY)

Keyera Corp (TSE:KEY) – Investment analysts at Cormark decreased their Q4 2018 earnings per share estimates for shares of Keyera in a research note issued to investors on Thursday, November 8th. Cormark analyst B. Watson now expects that the company will earn $0.45 per share for the quarter, down from their prior estimate of $0.48. Cormark also issued estimates for Keyera’s Q2 2019 earnings at $0.32 EPS.

Keyera (TSE:KEY) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.52 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.15. The firm had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$972.50 million.

Several other research analysts have also commented on the stock. Raymond James reduced their price objective on shares of Keyera from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their price objective on shares of Keyera from C$45.00 to C$39.00 and set an “outperform” rating for the company in a research note on Thursday. GMP Securities reduced their price objective on shares of Keyera from C$40.00 to C$38.00 in a research note on Thursday. National Bank Financial reduced their price objective on shares of Keyera from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets lowered shares of Keyera from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$43.00 to C$36.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$41.55.

TSE KEY opened at C$30.42 on Friday. The company has a debt-to-equity ratio of 85.63, a quick ratio of 0.84 and a current ratio of 1.16. Keyera has a 52 week low of C$29.69 and a 52 week high of C$38.91.

The business also recently announced a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Wednesday, November 21st. Keyera’s dividend payout ratio is presently 111.59%.

In other Keyera news, insider Michael Andrew Freeman sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of C$37.23, for a total transaction of C$119,136.00.

Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.

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Earnings History and Estimates for Keyera (TSE:KEY)

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