KeyCorp (NYSE:KEY) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 18th. Analysts expect the company to announce 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. 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 $21.01 on Thursday. KeyCorp has a one year low of $16.28 and a one year high of $21.28. The stock has a market cap of $22,590.00, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.65 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.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were paid a dividend of $0.105 per share. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, November 27th. This represents a $0.42 annualized dividend and a yield of 2.00%. KeyCorp’s payout ratio is 36.52%.
In related news, Director Elizabeth R. Gile bought 1,374 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, with a total value of $25,048.02. Following the transaction, the director now owns 24,989 shares of the company’s stock, valued at $455,549.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. Insiders sold a total of 57,212 shares of company stock valued at $1,060,508 in the last three months. Insiders own 0.65% of the company’s stock.
KEY has been the topic of several analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a research note on Wednesday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $23.00 price target on shares of KeyCorp in a research note on Thursday, December 14th. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.56.
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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