Q1 2018 EPS Estimates for KeyCorp (KEY) Raised by B. Riley

KeyCorp (NYSE:KEY) – Stock analysts at B. Riley upped their Q1 2018 earnings per share estimates for shares of KeyCorp in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will earn $0.40 per share for the quarter, up from their prior estimate of $0.36. B. Riley also issued estimates for KeyCorp’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.80 EPS.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share 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 business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. KeyCorp’s revenue was up 13.7% on a year-over-year basis.

KEY has been the subject of a number of other research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. CIBC reissued a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Barclays boosted their target price on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Citigroup boosted their target price on KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research report on Thursday, December 14th. Two 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. KeyCorp presently has an average rating of “Buy” and a consensus price target of $21.56.

KeyCorp (NYSE:KEY) opened at $21.19 on Friday. KeyCorp has a 52-week low of $16.28 and a 52-week high of $21.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $22,790.00, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

Several large investors have recently made changes to their positions in the stock. Comerica Securities Inc. grew its stake in shares of KeyCorp by 0.7% during the 2nd quarter. Comerica Securities Inc. now owns 11,535 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 83 shares during the period. Advisory Services Network LLC grew its stake in shares of KeyCorp by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 150 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of KeyCorp by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 216 shares during the period. Sterling Capital Management LLC grew its stake in shares of KeyCorp by 1.0% during the 2nd quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after acquiring an additional 757 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of KeyCorp by 3.8% during the 2nd quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 1,230 shares during the period. Institutional investors own 80.91% of the company’s stock.

In related news, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 in the last ninety days. Insiders own 0.65% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.98%. KeyCorp’s payout ratio is currently 36.52%.

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KeyCorp Company Profile

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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