FY2025 Earnings Forecast for Comerica Issued By DA Davidson

Comerica Incorporated (NYSE:CMA - Free Report) - Investment analysts at DA Davidson boosted their FY2025 earnings 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 prior estimate of $4.90. DA Davidson has a "Neutral" rating and a $67.00 price target on the stock. The consensus estimate for Comerica's current full-year earnings is $5.28 per share.

Several other research analysts also recently commented on CMA. Barclays lifted their target price on Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Comerica from $73.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their target price on shares of Comerica from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Truist Financial upgraded shares of Comerica to a "hold" rating in a research note on Monday, January 6th. Finally, Morgan Stanley downgraded shares of Comerica from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $63.00 to $55.00 in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $67.95.

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Comerica Stock Performance

NYSE:CMA traded up $1.38 during mid-day trading on Friday, hitting $51.80. The stock had a trading volume of 1,584,258 shares, compared to its average volume of 2,184,209. 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 simple moving average is $61.48 and its 200 day simple moving average is $63.33. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 10.31 and a beta of 0.96. Comerica has a twelve month low of $45.32 and a twelve month high of $73.45.

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

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Friday, March 14th. Comerica's dividend payout ratio is presently 56.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Comerica by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,035,820 shares of the financial services provider's stock valued at $311,464,000 after acquiring an additional 114,072 shares in the last quarter. State Street Corp raised its holdings in Comerica by 2.0% in the 3rd quarter. State Street Corp now owns 4,977,670 shares of the financial services provider's stock valued at $301,745,000 after buying an additional 96,084 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Comerica by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,431,556 shares of the financial services provider's stock worth $274,092,000 after buying an additional 125,514 shares during the period. North Reef Capital Management LP grew its holdings in Comerica by 15.7% during the 4th quarter. North Reef Capital Management LP now owns 4,050,000 shares of the financial services provider's stock worth $250,492,000 after acquiring an additional 550,000 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Comerica by 3.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider's stock valued at $153,462,000 after acquiring an additional 72,391 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

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.