KeyCorp Expected to Post Q1 2019 Earnings of $0.43 Per Share (KEY)

KeyCorp (NYSE:KEY) – Research analysts at Wedbush issued their Q1 2019 earnings per share (EPS) estimates for shares of KeyCorp in a research report issued on Friday. Wedbush analyst P. Winter forecasts that the financial services provider will earn $0.43 per share for the quarter. Wedbush also issued estimates for KeyCorp’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.82 EPS.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same quarter last year, the firm posted $0.31 earnings per share.

Several other equities analysts also recently weighed in on KEY. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a report on Wednesday, September 27th. Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of KeyCorp in a report on Friday, October 6th. Citigroup raised their price target on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 9th. Zacks Investment Research downgraded KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of KeyCorp in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. KeyCorp has an average rating of “Buy” and an average target price of $21.98.

Shares of KeyCorp (NYSE:KEY) traded up $0.34 during trading hours on Monday, hitting $21.16. The stock had a trading volume of 13,614,699 shares, compared to its average volume of 10,088,754. KeyCorp has a 1 year low of $16.28 and a 1 year high of $21.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $22,920.00, a P/E ratio of 18.89, a PEG ratio of 1.58 and a beta of 1.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 1.98%. KeyCorp’s payout ratio is 37.50%.

In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Insiders sold a total of 57,212 shares of company stock valued at $1,060,508 over the last quarter. 0.65% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation grew its stake in shares of KeyCorp by 2,277.5% during the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $132,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $145,000. Sun Life Financial INC grew its stake in shares of KeyCorp by 80,370.0% during the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 8,037 shares during the period. Finally, AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $173,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

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About KeyCorp

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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