Analysts Issue Forecasts for Canadian Imperial Bank of Commerce’s Q1 2019 Earnings (CM)

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Cormark issued their Q1 2019 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Thursday, November 29th. Cormark analyst M. Grauman expects that the bank will post earnings per share of $2.34 for the quarter. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2019 earnings at $2.33 EPS, Q3 2019 earnings at $2.42 EPS, Q4 2019 earnings at $2.45 EPS, FY2019 earnings at $9.55 EPS, Q1 2020 earnings at $2.48 EPS, Q2 2020 earnings at $2.45 EPS, Q3 2020 earnings at $2.51 EPS and FY2020 earnings at $9.95 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Monday, August 13th. ValuEngine downgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. TheStreet downgraded Canadian Imperial Bank of Commerce from a “b-” rating to a “c+” rating in a report on Wednesday, October 10th. Barclays reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, November 16th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average price target of $121.33.

Shares of Canadian Imperial Bank of Commerce stock opened at $83.88 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05. Canadian Imperial Bank of Commerce has a 1-year low of $83.09 and a 1-year high of $100.01. The stock has a market cap of $37.11 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings results on Thursday, November 29th. The bank reported $3.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.73. Canadian Imperial Bank of Commerce had a return on equity of 17.56% and a net margin of 20.85%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period last year, the business posted $2.81 EPS. The business’s revenue was up 4.3% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Friday, December 28th will be given a dividend of $1.034 per share. The ex-dividend date is Thursday, December 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.93%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 44.65%.

Hedge funds have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC bought a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth about $195,000. Mawer Investment Management Ltd. bought a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth about $205,000. Providence Wealth Advisors LLC bought a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth about $214,000. Evercore Wealth Management LLC bought a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth about $216,000. Finally, Iberiabank Corp bought a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth about $217,000. 46.36% of the stock is currently owned by institutional investors.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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Earnings History and Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)

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