Brokerages expect that KeyCorp (NYSE:KEY) will report $0.39 earnings per share for the current quarter, Zacks reports. Six analysts have provided estimates for KeyCorp’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.40. KeyCorp reported earnings per share of $0.32 during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.9%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 19th.
On average, analysts expect that KeyCorp will report full-year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.58 to $1.78. For the next fiscal year, analysts forecast that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.73 to $1.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow KeyCorp.
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, hitting the Zacks’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.31 earnings per share.
A number of brokerages have issued reports on KEY. Barclays raised their target price on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target on the stock in a research report on Thursday, December 14th. DA Davidson raised their price target on KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.50 price target on shares of KeyCorp in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. KeyCorp currently has a consensus rating of “Buy” and a consensus price target of $22.07.
KeyCorp (NYSE KEY) opened at $20.96 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. KeyCorp has a 1-year low of $16.28 and a 1-year high of $22.40. The stock has a market capitalization of $22,178.96, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is 37.50%.
In other news, insider Craig A. Buffie sold 11,819 shares of KeyCorp stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the transaction, the insider now directly owns 51,791 shares in the company, valued at approximately $1,098,487.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of KeyCorp stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total value of $1,175,116.86. The disclosure for this sale can be found here. Insiders have sold a total of 92,857 shares of company stock valued at $1,953,548 over the last quarter. 0.65% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of KeyCorp by 2.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,575,887 shares of the financial services provider’s stock worth $67,299,000 after acquiring an additional 71,018 shares during the period. New England Research & Management Inc. boosted its stake in KeyCorp by 12.8% in the 4th quarter. New England Research & Management Inc. now owns 50,845 shares of the financial services provider’s stock valued at $1,026,000 after purchasing an additional 5,750 shares during the period. M&T Bank Corp boosted its stake in KeyCorp by 5.6% in the 4th quarter. M&T Bank Corp now owns 86,925 shares of the financial services provider’s stock valued at $1,754,000 after purchasing an additional 4,576 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in KeyCorp in the 3rd quarter valued at $268,000. Finally, Toronto Dominion Bank boosted its stake in KeyCorp by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock valued at $8,071,000 after purchasing an additional 42,971 shares during the period. Institutional investors own 81.76% of the company’s stock.
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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.
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