Analysts expect that Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) will post $2.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Canadian Imperial Bank of Commerce’s earnings, with estimates ranging from $2.19 to $2.32. Canadian Imperial Bank of Commerce reported earnings per share of $2.32 during the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, May 22nd.

On average, analysts expect that Canadian Imperial Bank of Commerce will report full year earnings of $9.25 per share for the current financial year, with EPS estimates ranging from $9.06 to $9.55. For the next financial year, analysts expect that the business will report earnings of $9.67 per share, with EPS estimates ranging from $9.34 to $10.06. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its earnings results on Thursday, February 28th. The bank reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.11). Canadian Imperial Bank of Commerce had a net margin of 19.44% and a return on equity of 16.17%. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.51 billion.

CM has been the subject of a number of recent research reports. Barclays reiterated an “average” rating and set a $123.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, March 1st. Scotiabank reiterated an “average” rating and set a $126.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, February 22nd. Canaccord Genuity reiterated an “average” rating and set a $125.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, February 20th. ValuEngine upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, Zacks Investment Research cut shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $125.43.

Several hedge funds have recently added to or reduced their stakes in CM. Liberty Wealth Management LLC purchased a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $31,000. Heritage Wealth Advisors bought a new stake in shares of Canadian Imperial Bank of Commerce in the first quarter worth $31,000. CWM LLC increased its stake in shares of Canadian Imperial Bank of Commerce by 1,524.0% in the first quarter. CWM LLC now owns 406 shares of the bank’s stock worth $32,000 after buying an additional 381 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Canadian Imperial Bank of Commerce by 108.0% in the fourth quarter. Advisory Services Network LLC now owns 443 shares of the bank’s stock worth $33,000 after buying an additional 230 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in Canadian Imperial Bank of Commerce during the fourth quarter valued at $37,000. Institutional investors own 47.26% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce stock traded up $0.33 during trading hours on Wednesday, hitting $81.85. The company had a trading volume of 30,479 shares, compared to its average volume of 329,151. Canadian Imperial Bank of Commerce has a twelve month low of $72.96 and a twelve month high of $96.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 4.82 and a beta of 1.16.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 28th were paid a dividend of $1.0616 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.25 dividend on an annualized basis and a yield of 5.19%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.03. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 45.50%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, 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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