Equities research analysts expect Comerica Incorporated (NYSE:CMA) to report earnings per share (EPS) of $1.21 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Comerica’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.16. Comerica reported earnings of $0.92 per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.5%. The company is scheduled to report its next earnings results on Tuesday, January 16th.

According to Zacks, analysts expect that Comerica will report full-year earnings of $4.71 per share for the current fiscal year, with EPS estimates ranging from $4.66 to $4.84. For the next year, analysts anticipate that the firm will post earnings of $5.33 per share, with EPS estimates ranging from $5.13 to $5.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Comerica.

Comerica (NYSE:CMA) last released its earnings results on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.03. Comerica had a return on equity of 10.35% and a net margin of 24.87%. The firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $812.83 million. During the same quarter last year, the firm posted $0.84 EPS.

Several brokerages have recently weighed in on CMA. BidaskClub lowered Comerica from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine lowered Comerica from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised Comerica from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, August 17th. Wells Fargo & Company began coverage on Comerica in a report on Wednesday, August 9th. They set a “market perform” rating and a $73.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $79.00 price objective on shares of Comerica in a report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. Comerica currently has a consensus rating of “Hold” and an average price target of $79.60.

In related news, EVP Christine M. Moore sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.07, for a total transaction of $240,224.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael T. Ritchie sold 4,596 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in Comerica by 12,425.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider’s stock valued at $151,194,000 after purchasing an additional 2,047,881 shares during the last quarter. JPMorgan Chase & Co. raised its position in Comerica by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,721,807 shares of the financial services provider’s stock valued at $507,632,000 after purchasing an additional 1,681,640 shares during the last quarter. Vanguard Group Inc. raised its position in Comerica by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider’s stock valued at $1,330,147,000 after purchasing an additional 1,142,275 shares during the last quarter. State Street Corp raised its position in Comerica by 11.3% in the 2nd quarter. State Street Corp now owns 9,990,021 shares of the financial services provider’s stock valued at $731,672,000 after purchasing an additional 1,010,965 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Comerica by 132.7% in the 2nd quarter. Voya Investment Management LLC now owns 1,692,458 shares of the financial services provider’s stock valued at $123,956,000 after purchasing an additional 965,041 shares during the last quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.

Shares of Comerica (NYSE CMA) opened at $83.78 on Friday. Comerica has a fifty-two week low of $64.04 and a fifty-two week high of $85.28. The firm has a market capitalization of $14,488.86, a P/E ratio of 18.81, a PEG ratio of 1.91 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. Comerica’s dividend payout ratio (DPR) is presently 27.15%.

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Comerica Company Profile

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.

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Earnings History and Estimates for Comerica (NYSE:CMA)

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