Comerica (CMA) to Release Quarterly Earnings on Tuesday
Comerica (NYSE:CMA) will be releasing its Q114 earnings data on Tuesday, April 15th. Analysts expect Comerica to post earnings of $0.72 per share and revenue of $616.25 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Comerica (NYSE:CMA) last issued its quarterly earnings data on Friday, January 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, analysts expect Comerica to post $3.03 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.
Shares of Comerica (NYSE:CMA) opened at 48.25 on Monday. Comerica has a 52 week low of $33.90 and a 52 week high of $53.50. The stock’s 50-day moving average is $49.81 and its 200-day moving average is $46.02. The company has a market cap of $8.785 billion and a price-to-earnings ratio of 17.16.
A number of research firms have recently commented on CMA. Analysts at UBS AG raised their price target on shares of Comerica from $53.00 to $58.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Comerica from $56.00 to $59.00 in a research note on Monday, April 7th. They now have an “overweight” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Comerica from $42.00 to $45.00 in a research note on Monday, April 7th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.46.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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