Comerica (CMA) Projected to Post Quarterly Earnings on Friday

Comerica (NYSE:CMA - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $844.39 million for the quarter.

Comerica (NYSE:CMA - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. The business had revenue of $829.00 million for the quarter, compared to analysts' expectations of $839.31 million. Comerica had a return on equity of 11.59% and a net margin of 14.89%. During the same period in the prior year, the firm earned $1.29 EPS. On average, analysts expect Comerica to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Comerica Price Performance

Shares of CMA traded down $0.56 during mid-day trading on Friday, hitting $63.45. 1,343,510 shares of the stock were exchanged, compared to its average volume of 1,998,105. The company has a market cap of $8.34 billion, a PE ratio of 11.99 and a beta of 0.92. Comerica has a 52-week low of $48.12 and a 52-week high of $73.45. The firm has a 50-day moving average of $58.26 and a two-hundred day moving average of $59.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96.

Comerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.84 annualized dividend and a yield of 4.48%. Comerica's payout ratio is presently 53.69%.

Hedge Funds Weigh In On Comerica

A number of hedge funds and other institutional investors have recently made changes to their positions in CMA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Comerica by 60.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider's stock worth $2,761,000 after buying an additional 17,552 shares in the last quarter. Empowered Funds LLC grew its position in shares of Comerica by 12.6% during the 1st quarter. Empowered Funds LLC now owns 6,464 shares of the financial services provider's stock worth $382,000 after buying an additional 724 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock worth $35,000 after buying an additional 176 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMA. Evercore ISI lowered Comerica from an "in-line" rating to an "underperform" rating and decreased their price target for the company from $65.00 to $50.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Comerica from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Stephens lowered Comerica from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $66.00 to $64.00 in a report on Monday, March 31st. Robert W. Baird decreased their price target on Comerica from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Piper Sandler increased their price target on Comerica from $57.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.35.

Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.