Wall Street brokerages expect KeyCorp (NYSE:KEY) to announce earnings per share of $0.47 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for KeyCorp’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.44. KeyCorp posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, October 17th.

According to Zacks, analysts expect that KeyCorp will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.82. For the next financial year, analysts expect that the business will post earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover KeyCorp.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. KeyCorp had a return on equity of 12.82% and a net margin of 23.15%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share.

KEY has been the subject of a number of analyst reports. BMO Capital Markets increased their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. ValuEngine raised KeyCorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Robert W. Baird raised KeyCorp from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $18.00 to $19.00 in a research note on Friday, June 21st. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating and set a $20.00 price objective for the company. in a research note on Monday, July 8th. Finally, Morgan Stanley dropped their price objective on KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. KeyCorp has an average rating of “Hold” and an average target price of $23.58.

Shares of NYSE:KEY traded up $0.21 during trading on Thursday, reaching $17.40. 10,391,204 shares of the company traded hands, compared to its average volume of 8,960,862. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 2.96 and a beta of 1.29. KeyCorp has a 52-week low of $13.65 and a 52-week high of $19.60. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average is $17.23 and its 200-day moving average is $17.05.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, August 26th. This is an increase from KeyCorp’s previous quarterly dividend of $0.17. KeyCorp’s dividend payout ratio is currently 42.77%.

In other KeyCorp news, insider Amy G. Brady sold 10,806 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total value of $194,724.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew J. Paine III sold 99,999 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.26, for a total value of $1,825,981.74. Following the completion of the transaction, the insider now owns 85,469 shares of the company’s stock, valued at approximately $1,560,663.94. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KEY. Buckingham Capital Management Inc. bought a new position in KeyCorp in the first quarter worth $949,000. First Trust Advisors LP raised its holdings in KeyCorp by 45.1% in the first quarter. First Trust Advisors LP now owns 1,202,335 shares of the financial services provider’s stock worth $18,937,000 after purchasing an additional 373,879 shares in the last quarter. Private Advisor Group LLC raised its holdings in KeyCorp by 28.7% in the first quarter. Private Advisor Group LLC now owns 63,301 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 14,134 shares in the last quarter. Hancock Whitney Corp raised its holdings in KeyCorp by 97.2% in the first quarter. Hancock Whitney Corp now owns 103,393 shares of the financial services provider’s stock worth $1,628,000 after purchasing an additional 50,960 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in KeyCorp in the first quarter worth $2,311,000. Institutional investors and hedge funds own 80.08% of the company’s stock.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Earnings History and Estimates for KeyCorp (NYSE:KEY)

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