Wall Street brokerages expect KeyCorp (NYSE:KEY) to post earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Six analysts have made estimates for KeyCorp’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.37. KeyCorp posted earnings per share of $0.32 during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.9%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, April 19th.
According to Zacks, analysts expect that KeyCorp will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.78. For the next financial year, analysts expect that the company will post earnings of $1.82 per share, with EPS estimates ranging from $1.73 to $1.97. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow KeyCorp.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share.
KeyCorp (KEY) traded up $0.05 during mid-day trading on Wednesday, reaching $21.01. 1,126,363 shares of the company’s stock were exchanged, compared to its average volume of 10,244,069. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.40. The company has a market capitalization of $22,232.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.
In related news, insider Robert A. Deangelis sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total value of $527,750.00. Following the completion of the sale, the insider now directly owns 175,053 shares of the company’s stock, valued at $3,695,368.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,857 shares of company stock valued at $1,953,548. 0.65% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Mycio Wealth Partners LLC lifted its position in shares of KeyCorp by 17.1% during the fourth quarter. Mycio Wealth Partners LLC now owns 17,116 shares of the financial services provider’s stock valued at $345,000 after buying an additional 2,500 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of KeyCorp by 2.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock valued at $2,108,000 after buying an additional 2,600 shares during the last quarter. MML Investors Services LLC lifted its position in shares of KeyCorp by 17.3% during the fourth quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock valued at $374,000 after buying an additional 2,744 shares during the last quarter. Dividend Assets Capital LLC lifted its position in shares of KeyCorp by 11.7% during the fourth quarter. Dividend Assets Capital LLC now owns 27,335 shares of the financial services provider’s stock valued at $551,000 after buying an additional 2,860 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of KeyCorp by 10.0% during the third quarter. Daiwa Securities Group Inc. now owns 33,112 shares of the financial services provider’s stock valued at $623,000 after buying an additional 3,012 shares during the last quarter. 81.68% of the stock is owned by institutional investors.
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.
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