KeyCorp (KEY) Scheduled to Post Earnings on Thursday


Share on StockTwits

KeyCorp (NYSE:KEY) is set to post its quarterly earnings results before the market opens on Thursday, January 21st. Analysts expect KeyCorp to post earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. KeyCorp had a net margin of 16.38% and a return on equity of 7.87%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. On average, analysts expect KeyCorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KEY opened at $18.79 on Thursday. The stock has a market capitalization of $18.35 billion, a PE ratio of 16.34 and a beta of 1.57. The firm’s fifty day moving average price is $16.43 and its 200 day moving average price is $13.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.89. KeyCorp has a 12-month low of $7.45 and a 12-month high of $20.24.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.74 annualized dividend and a yield of 3.94%. KeyCorp’s dividend payout ratio is presently 41.11%.

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of KeyCorp from $14.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, November 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of KeyCorp from $14.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, January 6th. Scotiabank reaffirmed a “hold” rating and issued a $24.00 price target on shares of KeyCorp in a report on Thursday, November 5th. BMO Capital Markets cut their price target on shares of KeyCorp from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Wednesday, November 4th. Finally, Barclays boosted their target price on shares of KeyCorp from $15.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, January 4th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.42.

In other news, Director Trina M. Evans sold 15,861 shares of the company’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $16.51, for a total transaction of $261,865.11. Following the completion of the transaction, the director now owns 83,620 shares in the company, valued at $1,380,566.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

Featured Article: Investing strategies using the yield curve

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 MarketBeat.com's FREE daily email newsletter.