Q1 Earnings Forecast for Comerica Issued By DA Davidson

Comerica Incorporated (NYSE:CMA) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Comerica in a research report issued to clients and investors on Thursday, January 23rd. DA Davidson analyst P. Winter expects that the financial services provider will earn $1.01 per share for the quarter. 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 $5.36 per share. DA Davidson also issued estimates for Comerica’s FY2025 earnings at $5.78 EPS.

Several other brokerages have also weighed in on CMA. Bank of America lowered shares of Comerica from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $55.00 to $52.00 in a research report on Monday, October 7th. Truist Financial raised shares of Comerica to a “hold” rating in a research note on Monday, January 6th. Stephens raised their price target on Comerica from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Compass Point upped their price objective on Comerica from $64.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Comerica has an average rating of “Hold” and an average price target of $68.33.

Comerica Price Performance

Shares of Comerica stock opened at $63.48 on Monday. The firm has a fifty day moving average price of $65.37 and a two-hundred day moving average price of $61.11. Comerica has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $8.35 billion, a PE ratio of 12.64 and a beta of 1.26.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same quarter last year, the firm earned $1.46 earnings per share.

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, December 13th. Comerica’s payout ratio is presently 56.57%.

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

Insider Buying and Selling at Comerica

In related news, EVP Allysun C. Fleming sold 1,392 shares of Comerica stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $68.83, for a total transaction of $95,811.36. Following the sale, the executive vice president now directly owns 8,730 shares in the company, valued at approximately $600,885.90. This trade represents a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Comerica

A number of hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont boosted its position in Comerica by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 321 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of Comerica during the fourth quarter worth about $31,000. V Square Quantitative Management LLC bought a new position in shares of Comerica in the 3rd quarter worth $36,000. MCF Advisors LLC lifted its holdings 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Comerica during the third quarter worth about $42,000. Institutional investors 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.