Equities research analysts predict that KeyCorp (NYSE:KEY) will report $1.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for KeyCorp’s earnings, with the highest sales estimate coming in at $1.81 billion and the lowest estimate coming in at $1.80 billion. KeyCorp posted sales of $1.84 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The company is scheduled to announce its next earnings results before the market opens on Thursday, January 20th.
On average, analysts expect that KeyCorp will report full-year sales of $7.14 billion for the current fiscal year, with estimates ranging from $7.12 billion to $7.15 billion. For the next fiscal year, analysts anticipate that the business will post sales of $7.19 billion, with estimates ranging from $7.09 billion to $7.30 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow KeyCorp.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 21st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. KeyCorp had a return on equity of 15.47% and a net margin of 33.07%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year.
KEY stock traded up $0.31 during midday trading on Tuesday, reaching $27.01. 623,640 shares of the stock were exchanged, compared to its average volume of 7,413,478. The stock has a market capitalization of $25.15 billion, a PE ratio of 10.52, a P/E/G ratio of 0.79 and a beta of 1.47. KeyCorp has a 52 week low of $16.69 and a 52 week high of $26.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.81. The company has a fifty day moving average price of $23.65 and a 200 day moving average price of $21.94.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.89%. KeyCorp’s payout ratio is 30.47%.
In other KeyCorp news, insider Kenneth C. Gavrity sold 10,981 shares of the business’s stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $23.36, for a total value of $256,516.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Douglas M. Schosser sold 9,301 shares of the business’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $23.71, for a total transaction of $220,526.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,672 shares of company stock valued at $2,361,619. 0.56% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Strategic Asset Management LLC bought a new position in shares of KeyCorp during the third quarter valued at approximately $27,000. Kings Point Capital Management purchased a new position in shares of KeyCorp in the third quarter worth $27,000. Jones Financial Companies Lllp purchased a new position in shares of KeyCorp in the third quarter worth $28,000. South State Corp purchased a new position in shares of KeyCorp in the second quarter worth $29,000. Finally, Lloyd Advisory Services LLC. increased its stake in shares of KeyCorp by 103.2% in the third quarter. Lloyd Advisory Services LLC. now owns 1,376 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 699 shares during the period. Institutional investors and hedge funds own 82.65% of the company’s stock.
KeyCorp Company Profile
KeyCorp operates as bank holding company, which engages in the provision of financial services. it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
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