KeyCorp (KEY) to Release Earnings on Thursday

KeyCorp (NYSE:KEY) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts expect KeyCorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

KeyCorp Price Performance

KEY stock opened at $17.51 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85. KeyCorp has a 1 year low of $9.50 and a 1 year high of $17.94. The firm has a 50-day moving average of $16.43 and a 200 day moving average of $15.31. The company has a market cap of $16.51 billion, a P/E ratio of 22.16, a PEG ratio of 0.94 and a beta of 1.25.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Baird R W cut KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Jefferies Financial Group raised their target price on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of KeyCorp in a research report on Tuesday, August 13th. Finally, Evercore ISI lifted their price objective on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.