Zacks: Brokers expect KeyCorp (NYSE: KEY) to report quarterly sales of $1.76 billion


Wall Street analysts expect KeyCorp (NYSE:KEY – Get Rating) to post sales of $1.76 billion for the current quarter, according to Zacks Investment Research. Four analysts have released earnings estimates for KeyCorp, with estimates ranging from $1.74 billion to $1.79 billion. KeyCorp reported sales of $1.74 billion in the same quarter last year, indicating a positive year-over-year growth rate of 1.1%. The company is expected to release its next results before the market opens on Thursday, April 21.

On average, analysts expect KeyCorp to report annual revenue of $7.31 billion for the current year, with estimates ranging from $7.24 billion to $7.35 billion. dollars. For the next fiscal year, analysts expect the company to register sales of $7.68 billion, with estimates ranging from $7.46 billion to $7.85 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who cover KeyCorp.

KeyCorp (NYSE:KEY – Get Rating) last released its results on Thursday, January 20. The financial services provider reported earnings per share of $0.64 for the quarter, beating consensus analyst estimates of $0.56 by $0.08. The company posted revenue of $1.95 billion in the quarter, versus a consensus estimate of $1.80 billion. KeyCorp had a net margin of 33.32% and a return on equity of 15.93%. The company’s revenue for the quarter increased 5.5% compared to the same quarter last year. In the same quarter last year, the company earned $0.56 per share.

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A number of analysts have commented on the stock. Barclays raised its price target on KeyCorp shares from $24.00 to $26.00 in a Monday, January 3 research note. Odeon Capital Group upgraded KeyCorp shares from a “hold” rating to a “buy” rating in a Friday, Jan. 7 research note. UBS Group began covering KeyCorp shares in a research note on Wednesday, January 12. They issued a “buy” rating and a price target of $32.00 for the company. Bank of America upgraded KeyCorp shares from an “underperforming” rating to a “buy” rating and raised its target price for the stock from $25.00 to $27.00 in a research note from the Wednesday, December 15. Finally, Wells Fargo & Company reduced shares of KeyCorp to an “equal weight” rating and set a target price of $29.00 for the company. in a research note on Thursday, December 16. Six analysts gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. According to, the company currently has a consensus rating of “Buy” and an average price target of $27.13.

Shares of KEY stock opened at $22.92 on Friday. The stock has a market capitalization of $21.26 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.56 and a beta of 1.35. The company has a debt ratio of 0.78, a current ratio of 0.79 and a quick ratio of 0.78. The company has a fifty-day moving average price of $25.25 and a two-hundred-day moving average price of $23.41. KeyCorp has a one-year low of $17.90 and a one-year high of $27.17.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 will receive a dividend of $0.195. This represents an annualized dividend of $0.78 and a yield of 3.40%. The ex-date of this dividend is Monday, February 28. KeyCorp’s dividend payout ratio (DPR) is 29.66%.

In other KeyCorp news, Director Carlton L. Highsmith sold 5,362 shares of KeyCorp in a trade dated Monday, March 7. 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 on the SEC’s website. 0.56% of the shares are held by insiders.

A number of hedge funds have recently increased or reduced their stakes in the company. Comprehensive Financial Consultants Institutional Inc. bought a new position in KeyCorp in Q4 worth approximately $77,000. Norges Bank bought a new position in KeyCorp in Q4, valued at around $181,634,000. Rehmann Capital Advisory Group increased its stake in KeyCorp by 5.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 11,375 shares of the financial services provider valued at $263,000 after purchasing an additional 626 shares during the period. Ascent Group LLC purchased a new stake in shares of KeyCorp during Q4, valued at approximately $2,777,000. Finally, Quent Capital LLC purchased a new equity stake in KeyCorp during Q4 valued at approximately $74,000. 82.83% of the shares are currently held by hedge funds and other institutional investors.

KeyCorp Company Profile (Get an assessment)

KeyCorp operates as a bank holding company, which engages in the provision of financial services. It offers a range of retail and commercial banking, commercial leasing, investment management, consumer credit, student loan refinancing, commercial mortgage and special services, and mortgage products and services. investment banking to individuals, businesses and institutional clients.

Further reading

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Earnings history and estimates for KeyCorp (NYSE:KEY)

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