Comerica (NYSE:CMA) Posts Earnings Results

Comerica (NYSE:CMA) issued its quarterly earnings data on Monday. The financial services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11, RTT News reports. 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 $1.29 EPS.

Comerica Trading Up 0.7 %

CMA opened at $52.89 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. Comerica has a one year low of $45.32 and a one year high of $73.45. The company has a market cap of $6.94 billion, a P/E ratio of 10.54 and a beta of 0.96. The business’s 50-day simple moving average is $58.88 and its 200-day simple moving average is $62.93.

Comerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Friday, March 14th. Comerica’s dividend payout ratio (DPR) is 56.57%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stephens lowered Comerica from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $66.00 to $64.00 in a research report on Monday, March 31st. Keefe, Bruyette & Woods cut their price objective on Comerica from $82.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Truist Financial upgraded Comerica to a “hold” rating in a report on Monday, January 6th. Robert W. Baird boosted their price target on shares of Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Comerica from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Comerica presently has an average rating of “Hold” and a consensus price target of $68.16.

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.