Q1 2018 EPS Estimates for KeyCorp (KEY) Raised by B. Riley

KeyCorp (NYSE:KEY) – Research analysts at B. Riley raised their Q1 2018 earnings estimates for shares of KeyCorp in a research report issued on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.36. B. Riley also issued estimates for KeyCorp’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.80 EPS.

A number of other equities analysts have also weighed in on the company. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Stephens raised shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a research report on Thursday, December 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.50 price target on shares of KeyCorp in a research report on Thursday, December 14th. Finally, Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $21.00 to $22.00 in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.56.

KeyCorp (NYSE:KEY) opened at $21.19 on Friday. KeyCorp has a 52-week low of $16.28 and a 52-week high of $21.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $22,790.00, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. KeyCorp’s revenue was up 13.7% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.98%. KeyCorp’s dividend payout ratio (DPR) is presently 36.52%.

In related news, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the transaction, the director now directly owns 68,725 shares in the company, valued at approximately $1,263,852.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its stake in shares of KeyCorp by 78.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock valued at $1,055,000 after acquiring an additional 24,554 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in KeyCorp by 2.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,575,887 shares of the financial services provider’s stock worth $67,299,000 after purchasing an additional 71,018 shares during the period. Toronto Dominion Bank boosted its stake in KeyCorp by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock worth $8,071,000 after purchasing an additional 42,971 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in KeyCorp in the 3rd quarter worth approximately $268,000. Finally, Private Capital Management Inc. boosted its stake in KeyCorp by 29.7% in the 3rd quarter. Private Capital Management Inc. now owns 27,500 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 6,300 shares during the period. Institutional investors own 80.91% of the company’s stock.

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KeyCorp Company Profile

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.

Earnings History and Estimates for KeyCorp (NYSE:KEY)

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