Comerica Incorporated (NYSE:CMA - Free Report) - Equities researchers at DA Davidson issued their Q3 2025 earnings estimates for Comerica in a note issued to investors on Monday, July 21st. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings of $1.19 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $60.00 target price on the stock. The consensus estimate for Comerica's current full-year earnings is $5.28 per share.
Several other research analysts have also issued reports on the stock. Evercore ISI lowered shares of Comerica from an "in-line" rating to an "underperform" rating and decreased their price target for the stock from $65.00 to $50.00 in a research note on Tuesday, April 22nd. Stephens reiterated an "equal weight" rating on shares of Comerica in a research report on Monday. Piper Sandler boosted their price objective on shares of Comerica from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday. Raymond James Financial restated a "market perform" rating on shares of Comerica in a report on Tuesday, July 8th. Finally, UBS Group set a $64.00 price target on shares of Comerica and gave the stock a "neutral" rating in a report on Monday. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.25.
View Our Latest Research Report on CMA
Comerica Trading Up 1.3%
NYSE CMA traded up $0.85 during trading on Tuesday, hitting $67.48. The company had a trading volume of 2,116,044 shares, compared to its average volume of 1,973,488. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. Comerica has a one year low of $48.12 and a one year high of $73.45. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 12.94 and a beta of 0.92. The company's fifty day moving average is $59.22 and its 200-day moving average is $59.60.
Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.19. Comerica had a net margin of 14.92% and a return on equity of 10.92%. The company had revenue of $849.00 million during the quarter, compared to analysts' expectations of $844.39 million. During the same quarter in the prior year, the company earned $1.49 EPS.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CMA. Primecap Management Co. CA lifted its position in shares of Comerica by 228.8% during the 1st quarter. Primecap Management Co. CA now owns 1,670,110 shares of the financial services provider's stock valued at $98,637,000 after buying an additional 1,162,110 shares in the last quarter. Norges Bank purchased a new position in shares of Comerica during the 4th quarter valued at approximately $64,150,000. Azora Capital LP lifted its position in shares of Comerica by 53.7% during the 1st quarter. Azora Capital LP now owns 1,899,198 shares of the financial services provider's stock valued at $112,167,000 after buying an additional 663,513 shares in the last quarter. Kodai Capital Management LP purchased a new position in Comerica in the 1st quarter valued at $32,864,000. Finally, North Reef Capital Management LP lifted its holdings in Comerica by 15.7% in the 4th quarter. North Reef Capital Management LP now owns 4,050,000 shares of the financial services provider's stock valued at $250,492,000 after purchasing an additional 550,000 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.
Comerica Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, June 13th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.21%. Comerica's dividend payout ratio (DPR) is 54.41%.
About Comerica
(
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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.
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