KeyCorp (KEY) Scheduled to Post Earnings on Thursday

KeyCorp (NYSE:KEY) will post its quarterly earnings results before the market opens on Thursday, January 18th. Analysts expect KeyCorp to post earnings of $0.37 per share for the quarter.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. KeyCorp’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. On average, analysts expect KeyCorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of KeyCorp (NYSE KEY) opened at $21.01 on Thursday. The company has a market cap of $22,590.00, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. KeyCorp has a 12 month low of $16.28 and a 12 month high of $21.28.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th were paid a $0.105 dividend. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, November 27th. KeyCorp’s payout ratio is presently 36.52%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of KeyCorp from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research note on Wednesday, January 3rd. Barclays lifted their price target on shares of KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.50 price target on shares of KeyCorp in a report on Thursday, December 14th. Morgan Stanley reiterated an “overweight” rating and issued a $23.00 price target on shares of KeyCorp in a report on Thursday, December 14th. Finally, Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target on the stock in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.56.

In related news, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth R. Gile bought 1,374 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Insiders have sold a total of 57,212 shares of company stock worth $1,060,508 in the last 90 days. Company insiders own 0.65% of the company’s stock.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Earnings History for KeyCorp (NYSE:KEY)

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