KeyCorp Expected to Earn Q1 2019 Earnings of $0.43 Per Share (KEY)

KeyCorp (NYSE:KEY) – Stock analysts at Wedbush issued their Q1 2019 earnings estimates for KeyCorp in a research report issued to clients and investors on Monday, November 5th. Wedbush analyst P. Winter forecasts that the financial services provider will post earnings of $0.43 per share for the quarter. Wedbush has a “Buy” rating and a $23.00 price objective on the stock. Wedbush also issued estimates for KeyCorp’s Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $1.95 EPS and FY2020 earnings at $2.13 EPS.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, October 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.64 billion. KeyCorp had a return on equity of 12.56% and a net margin of 21.47%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share.

A number of other brokerages have also weighed in on KEY. Zacks Investment Research lowered KeyCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Mizuho increased their price target on KeyCorp from $25.00 to $25.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 24th. Vining Sparks reissued a “buy” rating and set a $25.00 price target on shares of KeyCorp in a research report on Thursday, July 19th. ValuEngine downgraded KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $23.00 price target on shares of KeyCorp in a research report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.85.

Shares of NYSE KEY opened at $18.74 on Wednesday. The company has a market cap of $19.23 billion, a PE ratio of 11.40, a PEG ratio of 0.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.88 and a current ratio of 0.89. KeyCorp has a 1-year low of $16.48 and a 1-year high of $22.40.

In other KeyCorp news, Chairman Beth E. Mooney bought 10,000 shares of KeyCorp stock in a transaction on Thursday, November 1st. The shares were purchased at an average price of $18.26 per share, with a total value of $182,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Douglas M. Schosser sold 6,048 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $21.49, for a total value of $129,971.52. Following the completion of the sale, the insider now directly owns 23,164 shares in the company, valued at approximately $497,794.36. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Several hedge funds have recently modified their holdings of KEY. Kiley Juergens Wealth Management LLC acquired a new stake in shares of KeyCorp in the 2nd quarter valued at $113,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of KeyCorp by 8,462.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,165 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 6,093 shares in the last quarter. Reilly Financial Advisors LLC boosted its holdings in shares of KeyCorp by 408.3% during the 3rd quarter. Reilly Financial Advisors LLC now owns 6,354 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 5,104 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of KeyCorp during the 3rd quarter valued at $138,000. Finally, Edge Wealth Management LLC acquired a new stake in shares of KeyCorp during the 2nd quarter valued at $161,000. 80.19% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Company Profile

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, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Earnings History and Estimates for KeyCorp (NYSE:KEY)

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