Canadian Imperial Bank of Commerce (CM) Projected to Post Earnings on Thursday

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $4.81 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE:CM opened at $60.25 on Wednesday. Canadian Imperial Bank of Commerce has a one year low of $46.11 and a one year high of $67.45. The stock has a market cap of $56.78 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.05. The business’s fifty day moving average price is $62.71 and its two-hundred day moving average price is $61.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were paid a dividend of $0.6912 per share. The ex-dividend date was Friday, December 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.59%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 51.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and a consensus price target of $92.00.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.