Q1 Earnings Forecast for Comerica Issued By DA Davidson

Comerica Incorporated (NYSE:CMA - Free Report) - DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Comerica in a research note issued to investors on Thursday, January 23rd. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings per share of $1.01 for the quarter. DA Davidson has a "Neutral" rating and a $67.00 price objective on the stock. The consensus estimate for Comerica's current full-year earnings is $5.36 per share. DA Davidson also issued estimates for Comerica's FY2025 earnings at $5.78 EPS.

Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the business posted $1.46 earnings per share.

Several other research firms also recently issued reports on CMA. UBS Group assumed coverage on Comerica in a research report on Tuesday, December 17th. They set a "sell" rating and a $64.00 target price on the stock. Robert W. Baird dropped their price objective on Comerica from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Comerica from $73.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Barclays increased their price target on shares of Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, Truist Financial raised shares of Comerica to a "hold" rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Comerica presently has an average rating of "Hold" and a consensus price target of $68.33.

Comerica Stock Performance

Shares of CMA stock traded down $0.45 during trading on Monday, reaching $62.82. 1,979,689 shares of the company's stock traded hands, compared to its average volume of 1,974,587. The firm's 50-day moving average is $65.56 and its 200 day moving average is $61.01. The company has a market capitalization of $8.26 billion, a P/E ratio of 12.51 and a beta of 1.26. Comerica has a 1 year low of $45.32 and a 1 year high of $73.45. 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 Investors Weigh In On Comerica

Several institutional investors have recently bought and sold shares of CMA. State Street Corp lifted its position in Comerica by 2.0% in the third quarter. State Street Corp now owns 4,977,670 shares of the financial services provider's stock valued at $301,745,000 after purchasing an additional 96,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Comerica by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,306,042 shares of the financial services provider's stock worth $257,975,000 after buying an additional 226,285 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Comerica by 31.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,408,820 shares of the financial services provider's stock valued at $144,312,000 after buying an additional 574,516 shares during the last quarter. Azora Capital LP boosted its position in Comerica by 7.8% during the 3rd quarter. Azora Capital LP now owns 2,230,369 shares of the financial services provider's stock valued at $133,621,000 after buying an additional 161,181 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Comerica by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,111,845 shares of the financial services provider's stock worth $126,555,000 after acquiring an additional 29,661 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comerica

In other news, EVP Allysun C. Fleming sold 1,392 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $68.83, for a total transaction of $95,811.36. Following the transaction, the executive vice president now directly owns 8,730 shares of the company's stock, valued at approximately $600,885.90. This trade represents a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Comerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Friday, December 13th. Comerica's dividend payout ratio (DPR) is presently 56.57%.

Comerica declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 5th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

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.