KeyCorp Stock Buy Recommendation Reiterated (KEY)
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- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 45.40% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, KEY should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The gross profit margin for KEYCORP is currently very high, coming in at 87.27%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, KEY's net profit margin of 18.68% significantly trails the industry average.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.7%. Since the same quarter one year prior, revenues slightly dropped by 3.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- KEYCORP has improved earnings per share by 5.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, KEYCORP reported lower earnings of $0.87 versus $0.92 in the prior year. This year, the market expects earnings to be in line with last year ($0.87 versus $0.87).
--Written by a member of TheStreet Ratings Staff. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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