Comerica (NYSE:CMA) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 16th. Analysts expect Comerica to post earnings of $1.81 per share for the quarter.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.26. The company had revenue of $838.00 million for the quarter, compared to analyst estimates of $833.59 million. Comerica had a net margin of 27.28% and a return on equity of 13.14%. Comerica’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. On average, analysts expect Comerica to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE:CMA opened at $84.73 on Friday. The firm has a market cap of $15.46 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. Comerica has a 52 week low of $74.16 and a 52 week high of $102.66.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Thursday, September 13th. This is an increase from Comerica’s previous quarterly dividend of $0.34. Comerica’s dividend payout ratio (DPR) is currently 50.74%.

In other Comerica news, EVP Christine M. Moore sold 4,800 shares of Comerica stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $98.41, for a total value of $472,368.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

A number of equities analysts recently weighed in on CMA shares. Morgan Stanley lowered their target price on shares of Comerica from $111.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 18th. Zacks Investment Research downgraded shares of Comerica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Royal Bank of Canada reissued a “buy” rating and set a $108.00 target price (up previously from $106.00) on shares of Comerica in a research note on Tuesday, July 17th. Bank of America raised shares of Comerica from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Tuesday, July 17th. They noted that the move was a valuation call. Finally, Macquarie downgraded shares of Comerica from an “outperform” rating to a “neutral” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.72.

About Comerica

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.

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Earnings History for Comerica (NYSE:CMA)

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