Wall Street brokerages expect KeyCorp (NYSE:KEY) to post earnings per share of $0.38 for the current quarter, Zacks Investment Research reports. Eight analysts have made 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 posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 18.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, April 19th.
According to Zacks, analysts expect that KeyCorp will report full year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.76. For the next year, analysts anticipate that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.73 to $2.07. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for KeyCorp.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period in the prior year, the business earned $0.31 EPS.
A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Barclays boosted their price target on shares of KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Vining Sparks reissued a “buy” rating and set a $25.00 price target on shares of KeyCorp in a research report on Friday, April 6th. DA Davidson boosted their price target on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Sandler O’Neill reissued a “hold” rating and set a $21.50 price target on shares of KeyCorp in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. KeyCorp currently has a consensus rating of “Buy” and a consensus price target of $22.14.
Shares of NYSE KEY opened at $18.96 on Wednesday. The firm has a market capitalization of $20,407.62, a P/E ratio of 13.94, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. KeyCorp has a 1-year low of $16.28 and a 1-year high of $22.40.
In other news, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert A. Deangelis sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the completion of the sale, the insider now directly owns 175,053 shares in the company, valued at $3,695,368.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,857 shares of company stock worth $1,953,548. 0.67% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of KeyCorp in the 4th quarter valued at about $183,000. Davis R M Inc. bought a new position in KeyCorp in the 4th quarter valued at about $217,000. Jump Trading LLC bought a new position in KeyCorp in the 4th quarter valued at about $219,000. Valeo Financial Advisors LLC raised its holdings in KeyCorp by 136.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,108 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 6,419 shares during the period. Finally, CIBC World Markets Inc. bought a new position in KeyCorp in the 4th quarter valued at about $224,000. 81.71% of the stock is currently owned by institutional investors.
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KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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