KeyCorp (KEY) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
KeyCorp (NYSE:KEY) issued its quarterly earnings data on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01, StockRatingsNetwork reports. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion.
Shares of KeyCorp (NYSE:KEY) opened at 14.19 on Thursday. KeyCorp has a 52 week low of $11.05 and a 52 week high of $14.70. The stock’s 50-day moving average is $14.16 and its 200-day moving average is $13.65. The company has a market cap of $12.534 billion and a price-to-earnings ratio of 14.02.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, August 28th.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of KeyCorp in a research note on Thursday, July 3rd. They set a “neutral” rating on the stock. On the ratings front, analysts at Goldman Sachs raised their price target on shares of KeyCorp from $15.00 to $15.50 in a research note on Monday, June 30th. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of KeyCorp to $15.00 in a research note on Thursday, June 19th. They now have an “equal weight” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.72.
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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