KeyCorp (KEY) to Release Quarterly Earnings on Thursday

KeyCorp (NYSE:KEY) will be releasing 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 issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. KeyCorp’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $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.

KeyCorp (NYSE:KEY) opened at $21.42 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $23,040.00, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09. KeyCorp has a twelve month low of $16.28 and a twelve month high of $21.47.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 1.96%. KeyCorp’s dividend payout ratio (DPR) is presently 36.52%.

In other KeyCorp news, Director Elizabeth R. Gile purchased 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of $18.23 per share, with a total value of $25,048.02. Following the transaction, the director now owns 24,989 shares in the company, valued at $455,549.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,212 shares of company stock valued at $1,060,508. Insiders own 0.65% of the company’s stock.

Several brokerages have weighed in on KEY. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a report on Thursday, October 19th. CIBC reiterated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Barclays boosted their price target on KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Citigroup boosted their price target on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 9th. Finally, Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.56.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at

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.

Earnings History for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with's FREE daily email newsletter.

Leave a Reply