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.
ILLEGAL ACTIVITY WARNING: This story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/11/keycorp-key-scheduled-to-post-earnings-on-thursday.html.
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.
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.