Comerica Incorporated (NYSE:CMA - Free Report) - Equities researchers at DA Davidson decreased their FY2025 EPS estimates for Comerica in a report released on Monday, July 21st. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings of $4.86 per share for the year, down from their prior estimate of $4.95. 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. DA Davidson also issued estimates for Comerica's FY2026 earnings at $5.60 EPS.
Several other analysts also recently weighed in on CMA. Morgan Stanley downgraded Comerica from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $63.00 to $55.00 in a report on Monday, April 7th. The Goldman Sachs Group decreased their price objective on Comerica from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Stephens restated an "equal weight" rating on shares of Comerica in a report on Monday. Piper Sandler lifted their price objective on Comerica from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Comerica from $52.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $63.25.
View Our Latest Analysis on Comerica
Comerica Stock Up 0.7%
Shares of CMA stock traded up $0.51 on Wednesday, hitting $67.99. The stock had a trading volume of 3,551,749 shares, compared to its average volume of 2,510,828. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $59.76 and a 200 day moving average price of $59.71. The company has a market cap of $8.93 billion, a PE ratio of 13.02 and a beta of 0.92. Comerica has a one year low of $48.12 and a one year high of $73.45.
Comerica (NYSE:CMA - Get Free Report) last issued its earnings results 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. The firm had revenue of $849.00 million during the quarter, compared to analyst estimates of $844.39 million. Comerica had a net margin of 14.92% and a return on equity of 10.92%. During the same period in the previous year, the firm earned $1.49 earnings per share.
Comerica Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 13th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.84 dividend on an annualized basis and a yield of 4.18%. Comerica's dividend payout ratio is currently 54.41%.
Institutional Investors Weigh In On Comerica
Large investors have recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in Comerica in the 1st quarter worth approximately $33,000. Gen Wealth Partners Inc purchased a new stake in Comerica in the 1st quarter worth approximately $34,000. Geneos Wealth Management Inc. boosted its position in Comerica by 41.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock worth $35,000 after purchasing an additional 176 shares in the last quarter. Quarry LP boosted its position in Comerica by 152.0% in the 4th quarter. Quarry LP now owns 867 shares of the financial services provider's stock worth $54,000 after purchasing an additional 523 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Comerica in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 80.74% of the company's stock.
Comerica Company Profile
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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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