KeyCorp (KEY) Set to Announce Earnings on Thursday

KeyCorp (NYSE:KEY) is scheduled to release its earnings data before the market opens on Thursday, October 17th. Analysts expect KeyCorp to post earnings of $0.30 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue was down 4.3% 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.

KeyCorp Trading Up 1.0 %

Shares of KEY opened at $17.40 on Tuesday. KeyCorp has a 52-week low of $9.50 and a 52-week high of $17.47. The business’s fifty day moving average is $16.37 and its 200-day moving average is $15.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.94 and a beta of 1.25.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KEY shares. JPMorgan Chase & Co. decreased their target price on KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, June 27th. DA Davidson upped their target price on KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley upped their target price on KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $17.00 in a research note on Monday. Finally, Jefferies Financial Group increased their price objective on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 19th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and a consensus price target of $17.21.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; 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.