In the latest trading session, 3.53 million Keycorp (NYSE:KEY) shares changed hands as the company’s beta touched 1.31. With the company’s most recent per share price at $12.23 changed hands at -$0.02 or -0.20% at last look, the market valuation stands at $11.45B. KEY’s current price is a discount, trading about -65.99% off its 52-week high of $20.30. The share price had its 52-week low at $8.53, which suggests the last value was 30.25% up since then. When we look at Keycorp’s average trading volume, we note the 10-day average is 13.86 million shares, with the 3-month average coming to 14.60 million.
Keycorp (NYSE:KEY) trade information
Instantly KEY was in red as seen in intraday trades today. With action 2.56%, the performance over the past five days has been green. The drop to weekly highs of 12.36 on Monday, 11/20/23 subtracted -0.20% to the stock’s daily price. The company’s shares are showing year-to-date downside of -29.82%, with the 5-day performance at 2.56% in the green. However, in the 30-day time frame, Keycorp (NYSE:KEY) is 23.48% up. Looking at the short shares, we see there were 48.39 million shares sold at short interest cover period of 2.93 days.
Keycorp (KEY) estimates and forecasts
Data shows that the Keycorp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.87% over the past 6 months, a -42.19% in annual growth rate that is considerably lower than the industry average of 0.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Keycorp will fall -34.20%, while the growth in revenue is estimated to hit -13.30% for the next quarter. Year-over-year growth is forecast to reach -11.50% down from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $1.57 billion. 10 analysts are of the opinion that Keycorp’s revenue for the quarter ending Mar 2024 will be $1.57 billion. The company’s revenue for the corresponding quarters a year ago was $1.9 billion and $1.79 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.30%. The estimates for the next quarter sales put growth at -12.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.35%. The 2023 estimates are for Keycorp earnings to decrease by -40.24%, but the outlook for the next 5-year period is at -5.80% per year.
Keycorp is expected to release its next quarterly earnings report on January 18. The 6.72% annual yield figure for the share gives it an annual dividend of 0.82. It is important to note, however, that the 6.72% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.