Equities Analysts Issue Forecasts for Comerica Q1 Earnings

Comerica Incorporated (NYSE:CMA) – Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Comerica in a research note issued on Thursday, January 23rd. DA Davidson analyst P. Winter forecasts 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.

CMA has been the subject of several other reports. Compass Point upped their price objective on shares of Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Evercore ISI raised their price objective on shares of Comerica from $64.00 to $69.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com upgraded Comerica from a “sell” rating to a “hold” rating in a report on Monday, October 21st. The Goldman Sachs Group cut Comerica from a “buy” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $71.00 in a research note on Tuesday, January 7th. Finally, Truist Financial raised 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.33.

Comerica Price Performance

Shares of Comerica stock opened at $63.26 on Monday. The company has a market cap of $8.32 billion, a PE ratio of 12.60 and a beta of 1.26. The business has a 50 day moving average of $65.56 and a 200 day moving average of $61.01. Comerica has a 52 week low of $45.32 and a 52 week high of $73.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09.

Comerica (NYSE:CMA) last announced its quarterly 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 in the previous year, the company posted $1.46 EPS.

Institutional Trading of Comerica

A number of hedge funds and other institutional investors have recently bought and sold shares of CMA. JPMorgan Chase & Co. increased its holdings in Comerica by 134.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 856,431 shares of the financial services provider’s stock worth $51,309,000 after acquiring an additional 490,468 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Comerica by 158.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,324 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 12,454 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Comerica by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,306,042 shares of the financial services provider’s stock valued at $257,975,000 after buying an additional 226,285 shares in the last quarter. Citigroup Inc. boosted its holdings in Comerica by 390.6% in the 3rd quarter. Citigroup Inc. now owns 761,601 shares of the financial services provider’s stock worth $45,628,000 after buying an additional 606,375 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in Comerica in the 3rd quarter worth $1,905,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Insider Activity

In related news, EVP Allysun C. Fleming sold 1,392 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $68.83, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Comerica Dividend Announcement

The company 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. The ex-dividend date was Friday, December 13th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.49%. Comerica’s dividend payout ratio is currently 56.57%.

Comerica declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 5th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are 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.