Comerica Inc. (NYSE:CMA) – Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Comerica in a research report issued on Tuesday. Jefferies Group analyst K. Usdin anticipates that the firm will post earnings of $0.83 per share for the quarter. Jefferies Group also issued estimates for Comerica’s Q2 2017 earnings at $0.88 EPS, Q3 2017 earnings at $0.92 EPS, Q4 2017 earnings at $0.97 EPS and FY2018 earnings at $4.05 EPS.

Other equities analysts also recently issued research reports about the company. Nomura restated a “hold” rating on shares of Comerica in a report on Saturday, July 9th. Barclays PLC restated a “sell” rating on shares of Comerica in a report on Saturday, July 9th. Leerink Swann restated a “buy” rating on shares of Comerica in a report on Sunday, July 17th. JPMorgan Chase & Co. dropped their price objective on Comerica from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded Comerica from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.04.

Earnings History and Estimates for Comerica (NYSE:CMA)

Shares of Comerica (NYSE:CMA) traded up 1.02% during mid-day trading on Thursday, hitting $48.40. 1,633,374 shares of the company’s stock were exchanged. Comerica has a 52 week low of $30.48 and a 52 week high of $49.75. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 21.02 and a beta of 1.36. The firm has a 50 day moving average price of $47.25 and a 200-day moving average price of $44.18.

Comerica (NYSE:CMA) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.11. Comerica had a return on equity of 6.03% and a net margin of 14.69%.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Thursday, September 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Comerica’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, September 13th. Comerica’s dividend payout ratio (DPR) is presently 38.82%.

In related news, insider Paul R. Obermeyer sold 2,302 shares of Comerica stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $45.92, for a total value of $105,707.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in CMA. National Planning Corp raised its stake in shares of Comerica by 0.6% in the second quarter. National Planning Corp now owns 5,677 shares of the financial services provider’s stock worth $250,000 after buying an additional 32 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Comerica by 0.6% in the second quarter. Clarkston Capital Partners LLC now owns 9,480 shares of the financial services provider’s stock worth $390,000 after buying an additional 55 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Comerica by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 22,866 shares of the financial services provider’s stock worth $941,000 after buying an additional 58 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Comerica by 0.9% in the second quarter. Chicago Equity Partners LLC now owns 8,040 shares of the financial services provider’s stock worth $331,000 after buying an additional 70 shares during the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Comerica by 1.4% in the second quarter. Advisor Partners LLC now owns 6,319 shares of the financial services provider’s stock worth $260,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

About Comerica

Comerica Incorporated (Comerica) is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment.

5 Day Chart for NYSE:CMA

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