KeyCorp (NYSE:KEY) – Research analysts at Wedbush raised their Q1 2020 earnings estimates for KeyCorp in a research note issued to investors on Monday, November 11th. Wedbush analyst P. Winter now forecasts that the financial services provider will post earnings per share of $0.46 for the quarter, up from their prior forecast of $0.44. Wedbush has a “Neutral” rating and a $21.00 price objective on the stock. Wedbush also issued estimates for KeyCorp’s Q2 2020 earnings at $0.47 EPS, Q3 2020 earnings at $0.51 EPS, FY2020 earnings at $1.96 EPS and FY2021 earnings at $2.06 EPS.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 1.7% compared to the same quarter last year.
Shares of KEY stock traded down $0.32 during trading hours on Tuesday, hitting $18.88. The company had a trading volume of 8,261,858 shares, compared to its average volume of 10,606,908. KeyCorp has a 12 month low of $13.65 and a 12 month high of $19.48. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.64 and a beta of 1.29. The firm’s fifty day moving average is $18.01 and its 200 day moving average is $17.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 0.91.
In other KeyCorp news, CEO Beth E. Mooney sold 437,737 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $18.28, for a total transaction of $8,001,832.36. Following the transaction, the chief executive officer now owns 1,662,612 shares of the company’s stock, valued at approximately $30,392,547.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Amy G. Brady sold 10,806 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total value of $194,724.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 673,027 shares of company stock worth $12,352,973. Company insiders own 0.08% of the company’s stock.
Large investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at $35,000. Cordasco Financial Network bought a new stake in shares of KeyCorp during the 3rd quarter valued at $43,000. Manchester Financial Inc. bought a new stake in shares of KeyCorp during the 2nd quarter valued at $46,000. Coastal Capital Group Inc. bought a new stake in shares of KeyCorp during the 2nd quarter valued at $50,000. Finally, CSat Investment Advisory L.P. raised its position in shares of KeyCorp by 202.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,087 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 2,068 shares during the last quarter. 81.58% of the stock is currently owned by hedge funds and other institutional investors.
KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.
Featured Article: Blockchain
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 MarketBeat.com's FREE daily email newsletter.