Comerica Incorporated (NYSE:CMA) – Equities research analysts at Wedbush issued their Q1 2018 earnings per share (EPS) estimates for Comerica in a report issued on Tuesday. Wedbush analyst P. Winter forecasts that the financial services provider will post earnings per share of $1.50 for the quarter. Wedbush currently has a “Neutral” rating and a $97.00 target price on the stock. Wedbush also issued estimates for Comerica’s Q2 2018 earnings at $1.62 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.74 EPS, FY2018 earnings at $6.55 EPS and FY2019 earnings at $7.23 EPS.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.03. Comerica had a return on equity of 10.94% and a net margin of 22.47%. The company had revenue of $830.00 million for the quarter, compared to analyst estimates of $819.30 million. During the same quarter in the previous year, the company earned $0.92 EPS.

A number of other equities research analysts have also weighed in on CMA. DA Davidson reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Comerica in a report on Wednesday. Zacks Investment Research raised Comerica from a “hold” rating to a “strong-buy” rating and set a $104.00 price objective on the stock in a report on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Comerica in a report on Wednesday. Sanford C. Bernstein set a $99.00 price target on Comerica and gave the stock a “hold” rating in a research note on Wednesday. Finally, Vining Sparks reissued a “buy” rating and set a $97.50 price target on shares of Comerica in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $92.37.

Shares of Comerica (CMA) traded down $0.95 on Friday, reaching $93.81. The company’s stock had a trading volume of 1,303,900 shares, compared to its average volume of 1,573,492. Comerica has a 12 month low of $64.04 and a 12 month high of $95.60. The stock has a market cap of $16,393.48, a price-to-earnings ratio of 22.71, a PEG ratio of 1.68 and a beta of 1.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, December 14th. Comerica’s payout ratio is currently 29.06%.

In related news, EVP Christine M. Moore sold 3,200 shares of the company’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 value of $240,224.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael T. Ritchie sold 4,596 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were 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 currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Veritable L.P. lifted its stake in Comerica by 0.3% in the 2nd quarter. Veritable L.P. now owns 10,844 shares of the financial services provider’s stock valued at $794,000 after buying an additional 32 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Comerica by 1.2% in the 2nd quarter. Sentry Investment Management LLC now owns 11,711 shares of the financial services provider’s stock worth $858,000 after acquiring an additional 142 shares during the period. AXA raised its holdings in Comerica by 1.0% in the 2nd quarter. AXA now owns 20,600 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 200 shares during the period. Suntrust Banks Inc. raised its holdings in Comerica by 0.9% in the 2nd quarter. Suntrust Banks Inc. now owns 45,789 shares of the financial services provider’s stock worth $3,352,000 after acquiring an additional 427 shares during the period. Finally, Norinchukin Bank The raised its holdings in Comerica by 13.1% in the 2nd quarter. Norinchukin Bank The now owns 6,987 shares of the financial services provider’s stock worth $512,000 after acquiring an additional 807 shares during the period. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Comerica (NYSE:CMA)

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