What is DA Davidson’s Forecast for Comerica FY2025 Earnings?

Comerica Incorporated (NYSE:CMA) – Investment analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Comerica in a research report issued to clients and investors on Monday, October 20th. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings per share of $4.90 for the year, down from their previous forecast of $4.93. DA Davidson currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.28 per share. DA Davidson also issued estimates for Comerica’s FY2026 earnings at $5.27 EPS.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Monday, December 9th. The financial services provider reported $1.53 EPS for the quarter. The business had revenue of $824.00 million for the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%.

Several other research firms also recently issued reports on CMA. UBS Group set a $64.00 price target on Comerica and gave the company a “neutral” rating in a research note on Monday, July 21st. TD Cowen initiated coverage on Comerica in a research note on Thursday, September 25th. They issued a “hold” rating and a $75.00 price target on the stock. Wells Fargo & Company raised their price objective on Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 price objective (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Comerica in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.65.

Comerica Stock Performance

CMA opened at $77.44 on Wednesday. The business’s 50-day moving average price is $71.34 and its two-hundred day moving average price is $63.16. Comerica has a 1 year low of $48.12 and a 1 year high of $83.22. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Investors Weigh In On Comerica

Large investors have recently modified their holdings of the business. MorganRosel Wealth Management LLC bought a new position in Comerica during the 1st quarter worth $33,000. Gen Wealth Partners Inc bought a new position in Comerica during the 1st quarter worth $34,000. FNY Investment Advisers LLC bought a new position in Comerica during the 2nd quarter worth $35,000. Geneos Wealth Management Inc. raised its position in Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 176 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Comerica during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Insider Buying and Selling

In other Comerica news, insider James Mcgregor Carr sold 4,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $67.28, for a total transaction of $269,120.00. Following the transaction, the insider owned 33,471 shares in the company, valued at $2,251,928.88. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allysun C. Fleming sold 2,100 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $67.03, for a total value of $140,763.00. Following the transaction, the executive vice president owned 9,424 shares in the company, valued at approximately $631,690.72. This trade represents a 18.22% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. Comerica’s dividend payout ratio (DPR) is 54.20%.

Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.