FY2025 Earnings Estimate for Comerica Issued By DA Davidson

Comerica Incorporated (NYSE:CMA) – Investment analysts at DA Davidson lifted their FY2025 EPS estimates for Comerica in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings of $4.91 per share for the year, up from their previous estimate of $4.90. DA Davidson currently has a “Neutral” rating and a $67.00 target price on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.28 per share.

CMA has been the subject of a number of other research reports. Robert W. Baird boosted their price target on Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of Comerica from $71.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price target on shares of Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their price objective on shares of Comerica from $78.00 to $76.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.95.

Comerica Stock Performance

CMA opened at $51.48 on Friday. Comerica has a twelve month low of $45.32 and a twelve month high of $73.45. The stock has a market cap of $6.75 billion, a PE ratio of 10.26 and a beta of 1.23. The business’s 50 day moving average is $62.28 and its 200-day moving average is $63.51. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.09.

Comerica (NYSE:CMA) last posted its 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 quarter last year, the business earned $1.46 EPS.

Comerica Announces Dividend

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 dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 5.52%. The ex-dividend date was Friday, March 14th. Comerica’s dividend payout ratio (DPR) is currently 56.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont lifted its stake in shares of Comerica by 300.0% in the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 321 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Comerica in the fourth quarter worth about $31,000. MCF Advisors LLC boosted its stake in shares of Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Comerica during the 3rd quarter valued at about $42,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 221 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.