Wall Street brokerages expect that KeyCorp (NYSE:KEY) will announce $0.36 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for KeyCorp’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.34. KeyCorp posted earnings per share of $0.31 during the same quarter last year, which would suggest a positive year over year growth rate of 16.1%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, January 18th.

On average, analysts expect that KeyCorp will report full-year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.30 to $1.33. For the next financial year, analysts anticipate that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.41 to $1.77. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow KeyCorp.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on KEY shares. Sanford C. Bernstein upgraded KeyCorp from a “market perform” rating to an “outperform” rating and raised their price target for the company from $21.00 to $22.00 in a research report on Thursday, September 14th. Zacks Investment Research downgraded KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research 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 research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.56.

KeyCorp (NYSE KEY) traded up $0.46 during midday trading on Friday, reaching $20.74. The company’s stock had a trading volume of 9,830,000 shares, compared to its average volume of 9,710,000. KeyCorp has a twelve month low of $16.28 and a twelve month high of $20.89. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22,300.00, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were paid a $0.105 dividend. The ex-dividend date was Monday, November 27th. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 2.03%. KeyCorp’s dividend payout ratio (DPR) is presently 36.52%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of KEY. Beach Investment Management LLC. bought a new stake in shares of KeyCorp in the second quarter worth about $241,000. Blair William & Co. IL grew its stake in shares of KeyCorp by 1.4% in the second quarter. Blair William & Co. IL now owns 14,953 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 204 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of KeyCorp by 8.3% in the second quarter. Pacer Advisors Inc. now owns 24,510 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 1,885 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of KeyCorp by 7.3% in the second quarter. Principal Financial Group Inc. now owns 1,732,296 shares of the financial services provider’s stock worth $32,463,000 after purchasing an additional 117,117 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of KeyCorp by 2.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,434 shares of the financial services provider’s stock worth $1,526,000 after purchasing an additional 1,882 shares during the last quarter. 80.91% of the stock is currently owned by institutional investors.

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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.

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Earnings History and Estimates for KeyCorp (NYSE:KEY)

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