KeyCorp (KEY) Expected to Earn Q1 2017 Earnings of $0.26 Per Share
KeyCorp (NYSE:KEY) – Analysts at Jefferies Group issued their Q1 2017 EPS estimates for KeyCorp in a research note issued on Tuesday. Jefferies Group analyst K. Usdin expects that the brokerage will post earnings per share of $0.26 for the quarter. Jefferies Group has a “Buy” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for KeyCorp’s Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.34 EPS and Q4 2017 earnings at $0.35 EPS.
Several other equities research analysts have also weighed in on KEY. Nomura reissued a “buy” rating on shares of KeyCorp in a research report on Saturday, July 9th. Wells Fargo & Co. reissued a “hold” rating on shares of KeyCorp in a research report on Saturday, July 9th. Barclays PLC reissued a “sell” rating on shares of KeyCorp in a research report on Saturday, July 9th. BMO Capital Markets reissued a “buy” rating and set a $15.00 target price on shares of KeyCorp in a research report on Wednesday, July 27th. Finally, Citigroup Inc. reissued a “buy” rating on shares of KeyCorp in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.41.
Shares of KeyCorp (NYSE:KEY) traded up 1.79% on Thursday, hitting $12.53. The stock had a trading volume of 1,765,783 shares. KeyCorp has a one year low of $9.88 and a one year high of $14.01. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 12.96 and a beta of 1.21. The firm’s 50-day moving average is $12.38 and its 200-day moving average is $11.96.
KeyCorp (NYSE:KEY) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc raised its position in KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock valued at $109,000 after buying an additional 860 shares during the last quarter. Wealthfront Inc. acquired a new position in KeyCorp during the second quarter valued at approximately $123,000. Sigma Investment Management Co raised its position in KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,135 shares during the last quarter. Regentatlantic Capital LLC acquired a new position in KeyCorp during the second quarter valued at approximately $134,000. Finally, Mizuho Asset Management Co. Ltd. raised its position in KeyCorp by 84.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,341 shares of the financial services provider’s stock valued at $136,000 after buying an additional 5,639 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
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