What is Wedbush's Estimate for KeyCorp Q4 Earnings?

KeyCorp (NYSE:KEY - Free Report) - Analysts at Wedbush dropped their Q4 2024 earnings per share (EPS) estimates for KeyCorp in a report issued on Friday, October 18th. Wedbush analyst D. Chiaverini now expects that the financial services provider will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.33. Wedbush has a "Neutral" rating and a $18.00 price objective on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.08 per share. Wedbush also issued estimates for KeyCorp's Q2 2025 earnings at $0.35 EPS.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. KeyCorp's revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS.

A number of other research firms have also recently weighed in on KEY. Royal Bank of Canada increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley lifted their price objective on KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 14th. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. Robert W. Baird cut KeyCorp from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $18.00 to $17.00 in a report on Monday, October 14th. Finally, Evercore ISI boosted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, KeyCorp presently has an average rating of "Moderate Buy" and an average target price of $17.62.

KeyCorp Trading Down 1.4 %

Shares of KEY traded down $0.25 during trading on Monday, reaching $17.10. 7,559,838 shares of the company traded hands, compared to its average volume of 14,333,651. The stock has a 50-day simple moving average of $16.64 and a 200-day simple moving average of $15.37. The stock has a market cap of $16.13 billion, a PE ratio of 1,710.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. KeyCorp has a twelve month low of $9.50 and a twelve month high of $17.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.09.

Insider Buying and Selling at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the transaction, the director now directly owns 46,864 shares of the company's stock, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Institutional Trading of KeyCorp

Several institutional investors have recently modified their holdings of KEY. Ceredex Value Advisors LLC lifted its position in KeyCorp by 112.4% in the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock valued at $94,459,000 after acquiring an additional 3,517,755 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of KeyCorp in the 1st quarter valued at about $42,857,000. National Bank of Canada FI boosted its position in shares of KeyCorp by 1,051.3% in the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider's stock valued at $38,752,000 after purchasing an additional 2,346,565 shares during the period. Point72 Asset Management L.P. purchased a new position in KeyCorp during the 2nd quarter worth approximately $33,273,000. Finally, Earnest Partners LLC grew its stake in KeyCorp by 23.2% during the 2nd quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider's stock worth $176,631,000 after buying an additional 2,339,454 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

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.