KeyCorp. (KEY) shares are up 0.28% to $14.23 in pre-market trading after the company reported first-quarter 2015 earnings of $1.01 billion, up 1.0% from a year ago, or $0.26 per share. Analysts had been modeling $1.04 billion and $0.26 per share. Net first-quarter profit came in at $227 million from $236 million a year earlier.
“Our first quarter results were solid and reflect our continued focus on growing our businesses,” said in a statement Chairman and Chief Executive Officer Beth Mooney. “Revenue was up from the prior year and expenses were well-managed as we generated positive operating leverage. Our asset quality continued to be strong, and we remain committed to improving productivity and efficiency.”
On valuation measures, KeyCorp shares, which currently have an average 3-month trading volume of 10.43 million shares, trade at a trailing-12 P/E of 14.25, a forward P/E of 11.26 and a P/E to growth ratio of 1.30. The median Wall Street price target on the name is $15.00 with a high target of $18.00. Currently ticker boasts 10 ‘Buy’ endorsements, compared to 20 ’Holds’ and 1 ‘Sell’.
Profitability-wise, KEY has a t-12 profit and operating margin of 22.33% and 33.99%, respectively. The $12.14 billion market cap company currently prints a one year return of about 9% and a year-to-date return of around 2.50%.
The chart below shows where the equity has traded over the last 52 weeks.