KeyCorp (KEY) Scheduled to Post Earnings on Wednesday
KeyCorp (NYSE:KEY) is set to issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.02 billion for the quarter.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect KeyCorp to post $0.88 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Shares of KeyCorp (NYSE:KEY) opened at 11.93 on Tuesday. KeyCorp has a 52-week low of $7.81 and a 52-week high of $12.63. The stock has a 50-day moving average of $11.70 and a 200-day moving average of $11.14. The company has a market cap of $10.872 billion and a P/E ratio of 13.58.
Several analysts have recently commented on the stock. Analysts at ISI Group initiated coverage on shares of KeyCorp in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $12.00 price target on the stock. On a related note, analysts at Guggenheim cut their price target on shares of KeyCorp from $16.00 to $15.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of KeyCorp from $14.00 to $14.50 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.64.
KeyCorp is a bank holding company. It is a bank-based financial services company. KeyCorp is the parent holding company for KeyBank National Association (NYSE:KEY), its principal subsidiary, through which most of its banking services are provided.
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