KeyCorp (KEY) Forecasted to Post Q1 2019 Earnings of $0.43 Per Share

KeyCorp (NYSE:KEY) – Wedbush issued their Q1 2019 earnings per share (EPS) estimates for KeyCorp in a note issued to investors on Friday. Wedbush analyst P. Winter expects that the financial services provider will post earnings of $0.43 per share for the quarter. Wedbush also issued estimates for KeyCorp’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.82 EPS.

A number of other research analysts have also recently issued reports on KEY. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $22.00 target price on shares of KeyCorp in a report on Wednesday, September 27th. Robert W. Baird reiterated a “hold” rating and issued a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Citigroup increased their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.98.

Shares of KeyCorp (NYSE KEY) traded up $0.22 during trading on Monday, reaching $21.61. 9,710,980 shares of the company’s stock were exchanged, compared to its average volume of 9,040,000. KeyCorp has a 12 month low of $16.28 and a 12 month high of $21.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $23,240.00, a PE ratio of 19.29, a PEG ratio of 1.58 and a beta of 1.09.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.31 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.94%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the acquisition, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after purchasing an additional 1,765,263 shares during the last quarter. Boston Partners acquired a new position in shares of KeyCorp in the 3rd quarter valued at $356,111,000. Bessemer Group Inc. boosted its holdings in shares of KeyCorp by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 12,065,873 shares of the financial services provider’s stock valued at $227,079,000 after purchasing an additional 64,958 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of KeyCorp by 6,189.4% in the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock valued at $170,679,000 after purchasing an additional 8,962,913 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of KeyCorp by 3.3% in the 2nd quarter. Voya Investment Management LLC now owns 8,168,757 shares of the financial services provider’s stock valued at $153,083,000 after purchasing an additional 261,568 shares during the last quarter. Institutional investors own 81.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/23/keycorp-key-forecasted-to-post-q1-2019-earnings-of-0-43-per-share.html.

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 and Estimates for KeyCorp (NYSE:KEY)

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.

Leave a Reply