KeyCorp (NYSE: KEY) closed the day trading at $10.20 down -2.49% from the previous closing price of $10.46. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 12458239 shares were traded. KEY stock price reached its highest trading level at $10.45 during the session, while it also had its lowest trading level at $10.16.
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Ratios:
For a better understanding of KEY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.83. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.92.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 03 when Paine Andrew J III bought 75,000 shares for $9.78 per share. The transaction valued at 733,500 led to the insider holds 335,414 shares of the business.
Hipple Richard J bought 2,200 shares of KEY for $23,452 on Apr 26. The Director now owns 68,374 shares after completing the transaction at $10.66 per share. On Apr 21, another insider, Alexander Victor B, who serves as the Head of Consumer Bank of the company, bought 8,500 shares for $11.83 each. As a result, the insider paid 100,555 and bolstered with 117,196 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KEY now has a Market Capitalization of 9.05B. As of this moment, KeyCorp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.77, and their Forward P/E ratio for the next fiscal year is 5.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 0.80.
Stock Price History:
Over the past 52 weeks, KEY has reached a high of $20.30, while it has fallen to a 52-week low of $8.53. The 50-Day Moving Average of the stock is 11.12, while the 200-Day Moving Average is calculated to be 16.19.
Shares Statistics:
Over the past 3-months, KEY traded about 28.48M shares per day on average, while over the past 10 days, KEY traded about 21.03M shares per day. A total of 935.26M shares are outstanding, with a floating share count of 931.57M. Insiders hold about 0.10% of the company’s shares, while institutions hold 85.70% stake in the company. Shares short for KEY as of May 14, 2023 were 36.92M with a Short Ratio of 30.77M, compared to 29.19M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.95% and a Short% of Float of 4.49%.
Dividends & Splits
KEY’s forward annual dividend rate is 0.82, up from 0.80 a year ago. Against a Trailing Annual Dividend Yield of 7.65%, it implies a Forward Annual Dividend Yield of 8.04%. The stock’s 5-year Average Dividend Yield is 4.10. The current Payout Ratio is 44.50% for KEY, which recently paid a dividend on Jun 14, 2023 with an ex-dividend date of May 25, 2023. Stock splits for the company last occurred on Mar 08, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.46 and a low estimate of $0.28, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.4, with high estimates of $0.45 and low estimates of $0.26.
Analysts are recommending an EPS of between $1.8 and $1.14 for the fiscal current year, implying an average EPS of $1.54. EPS for the following year is $1.78, with 21 analysts recommending between $2.1 and $1.48.
Revenue Estimates
14 analysts predict $1.72B in revenue for the current quarter. It ranges from a high estimate of $1.79B to a low estimate of $1.69B. As of the current estimate, KeyCorp’s year-ago sales were $1.79B, an estimated decrease of -3.80% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $1.76B, a decrease of -6.90% less than the figure of -$3.80% in the same quarter last year. There is a high estimate of $1.82B for the next quarter, whereas the lowest estimate is $1.67B.
A total of 18 analysts have provided revenue estimates for KEY’s current fiscal year. The highest revenue estimate was $7.13B, while the lowest revenue estimate was $6.78B, resulting in an average revenue estimate of $6.97B. In the same quarter a year ago, actual revenue was $7.27B, down -4.10% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $7.29B in the next fiscal year. The high estimate is $7.65B and the low estimate is $6.75B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.
