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.

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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)

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