Canadian Imperial Bank of Commerce (CM) Expected to Announce Earnings on Thursday

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $1.36 per share and revenue of $4.84 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Canadian Imperial Bank of Commerce Stock Performance

Canadian Imperial Bank of Commerce stock opened at $61.82 on Thursday. The stock’s 50-day moving average is $63.12 and its 200-day moving average is $61.40. The company has a market cap of $58.26 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. Canadian Imperial Bank of Commerce has a 12 month low of $45.84 and a 12 month high of $67.45.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were issued a $0.6912 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.47%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 51.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada upgraded Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $97.00 to $103.00 in a report on Wednesday, January 8th. StockNews.com upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.