Comerica (CMA) to Release Quarterly Earnings on Tuesday
Comerica (NYSE:CMA) is scheduled to issue its Q214 quarterly earnings data on Tuesday, July 15th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $625.82 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Comerica (NYSE:CMA) last released its earnings data on Tuesday, April 15th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, analysts expect Comerica to post $3.05 EPS for the current fiscal year and $3.24 EPS for the next fiscal year.
Comerica (NYSE:CMA) opened at 50.47 on Monday. Comerica has a 52-week low of $38.56 and a 52-week high of $53.50. The stock has a 50-day moving average of $49.64 and a 200-day moving average of $48.55. The company has a market cap of $9.169 billion and a price-to-earnings ratio of 17.43.
Several analysts have recently commented on the stock. Analysts at Guggenheim upgraded shares of Comerica from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $58.00 price target on the stock, up previously from $54.00. On a related note, analysts at Citigroup Inc. downgraded shares of Comerica from a “buy” rating to a “neutral” rating in a research note on Thursday, July 3rd. They now have a $53.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Comerica from $48.00 to $49.00 in a research note on Monday, June 9th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.55.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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