What is DA Davidson’s Forecast for KeyCorp Q2 Earnings?

KeyCorp (NYSE:KEY) – Investment analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for KeyCorp in a note issued to investors on Monday, April 21st. DA Davidson analyst P. Winter expects that the financial services provider will post earnings of $0.36 per share for the quarter. DA Davidson has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share. DA Davidson also issued estimates for KeyCorp’s FY2025 earnings at $1.43 EPS.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. KeyCorp had a negative net margin of 2.52% and a positive return on equity of 8.73%. During the same period in the previous year, the company earned $0.20 earnings per share.

Other equities research analysts have also recently issued reports about the company. Truist Financial dropped their price objective on KeyCorp from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of KeyCorp from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price objective on KeyCorp from $18.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, April 3rd. StockNews.com raised KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of KeyCorp in a report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.15.

KeyCorp Stock Performance

KEY stock opened at $14.18 on Tuesday. The stock has a market capitalization of $15.54 billion, a PE ratio of -47.27, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The stock’s 50 day simple moving average is $15.61 and its 200 day simple moving average is $17.10. KeyCorp has a 12-month low of $12.73 and a 12-month high of $20.04. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77.

KeyCorp declared that its Board of Directors has approved a share repurchase program on Thursday, March 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of KeyCorp stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KeyCorp

Several large investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its stake in KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider’s stock valued at $26,000 after buying an additional 800 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of KeyCorp in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in KeyCorp in the fourth quarter worth $34,000. Finally, FSC Wealth Advisors LLC purchased a new stake in KeyCorp during the first quarter valued at $34,000. 79.69% of the stock is owned by institutional investors.

KeyCorp Company Profile

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; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.