FY2025 Earnings Estimate for Comerica Issued By DA Davidson

Comerica Incorporated (NYSE:CMA) – Stock analysts at DA Davidson raised their FY2025 earnings per share estimates for Comerica in a research note issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings per share of $4.91 for the year, up from their previous estimate of $4.90. DA Davidson currently has a “Neutral” rating and a $67.00 target price on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.28 per share.

Comerica (NYSE:CMA) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same period last year, the business posted $1.46 earnings per share.

CMA has been the topic of several other research reports. Barclays boosted their price objective on shares of Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Comerica from $73.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stephens lowered Comerica from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $66.00 to $64.00 in a report on Monday, March 31st. The Goldman Sachs Group cut Comerica from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $71.00 in a research report on Tuesday, January 7th. Finally, Robert W. Baird raised their target price on Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.95.

Comerica Trading Down 3.4 %

Shares of Comerica stock opened at $51.48 on Friday. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 10.26 and a beta of 1.23. Comerica has a 1 year low of $45.32 and a 1 year high of $73.45. The company’s fifty day simple moving average is $62.28 and its 200-day simple moving average is $63.51. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.09.

Institutional Trading of Comerica

Large investors have recently made changes to their positions in the business. FMR LLC lifted its position in Comerica by 11.5% during the 3rd quarter. FMR LLC now owns 35,009 shares of the financial services provider’s stock worth $2,097,000 after buying an additional 3,599 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Comerica by 27.1% during the third quarter. Townsquare Capital LLC now owns 5,555 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 1,183 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Comerica by 9.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,325 shares of the financial services provider’s stock valued at $1,757,000 after purchasing an additional 2,586 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Comerica by 19.1% in the third quarter. Captrust Financial Advisors now owns 14,085 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 2,263 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Comerica in the 3rd quarter worth approximately $197,000. Institutional investors own 80.74% of the company’s stock.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.71 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.84 annualized dividend and a yield of 5.52%. Comerica’s payout ratio is 56.57%.

About Comerica

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.