KeyCorp (KEY) Scheduled to Post Earnings on Thursday

KeyCorp (NYSE:KEYGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 21st. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

KeyCorp (NYSE:KEYGet Rating) last posted its quarterly earnings results on Thursday, January 20th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.80 billion. KeyCorp had a net margin of 33.32% and a return on equity of 15.93%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. On average, analysts expect KeyCorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE KEY opened at $20.58 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $18.94 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.52 and a beta of 1.32. KeyCorp has a 12-month low of $17.90 and a 12-month high of $27.17. The company has a 50 day moving average price of $23.85 and a two-hundred day moving average price of $23.79.

In other news, Director Carlton L. Highsmith sold 5,362 shares of the business’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $22.86, for a total value of $122,575.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its stake in KeyCorp by 1.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 6,961,573 shares of the financial services provider’s stock valued at $161,021,000 after purchasing an additional 92,638 shares during the last quarter. California State Teachers Retirement System raised its stake in KeyCorp by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 1,713,596 shares of the financial services provider’s stock valued at $39,635,000 after purchasing an additional 11,354 shares during the last quarter. Stifel Financial Corp raised its stake in KeyCorp by 6.4% during the 4th quarter. Stifel Financial Corp now owns 437,921 shares of the financial services provider’s stock valued at $10,129,000 after purchasing an additional 26,321 shares during the last quarter. Boston Private Wealth LLC raised its stake in KeyCorp by 322.3% during the 4th quarter. Boston Private Wealth LLC now owns 113,998 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 87,006 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in KeyCorp by 1,218.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 108,148 shares of the financial services provider’s stock valued at $2,501,000 after purchasing an additional 99,943 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

KEY has been the subject of several recent research reports. Wells Fargo & Company raised shares of KeyCorp from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $27.00 in a research report on Monday. Credit Suisse Group raised shares of KeyCorp from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 8th. Piper Sandler decreased their target price on shares of KeyCorp from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, March 2nd. StockNews.com initiated coverage on shares of KeyCorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Odeon Capital Group raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 7th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $27.21.

About KeyCorp (Get Rating)

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

See Also

Earnings History for KeyCorp (NYSE:KEY)

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