Comerica (CMA) Expected to Announce Quarterly Earnings on Monday

Comerica (NYSE:CMA - Get Free Report) is expected to announce its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $1.13 per share and revenue of $839.31 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

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

CMA stock traded up $0.75 during trading on Tuesday, hitting $52.95. The stock had a trading volume of 1,769,708 shares, compared to its average volume of 2,205,558. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 10.55 and a beta of 0.96. Comerica has a 1-year low of $45.32 and a 1-year high of $73.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. The company's 50 day moving average price is $59.73 and its two-hundred day moving average price is $63.02.

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Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.84 annualized dividend and a yield of 5.36%. Comerica's payout ratio is currently 56.57%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company lowered their price target on Comerica from $70.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Barclays boosted their price objective on shares of Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. UBS Group raised Comerica from a "sell" rating to a "neutral" rating and set a $59.00 price target for the company in a research report on Thursday, April 10th. Morgan Stanley cut Comerica from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $63.00 to $55.00 in a report on Monday, April 7th. Finally, Royal Bank of Canada cut their price target on shares of Comerica from $78.00 to $76.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $68.16.

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.