KeyCorp (NYSE:KEY) is scheduled to release its earnings data 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 quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business 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 $21.32 on Wednesday. The firm has a market cap of $22,930.00, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.64 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $21.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio is currently 36.52%.
KEY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of KeyCorp from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Morgan Stanley reissued an “overweight” rating and set a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. Finally, Citigroup raised their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.56.
In related news, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Also, Director Elizabeth R. Gile acquired 1,374 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the transaction, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 57,212 shares of company stock worth $1,060,508. Insiders own 0.65% of the company’s stock.
KeyCorp Company Profile
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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