DA Davidson Brokers Boost Earnings Estimates for Comerica

Comerica Incorporated (NYSE:CMA) – Stock analysts at DA Davidson upped their Q1 2025 earnings estimates for Comerica in a research report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $1.02 per share for the quarter, up from their prior forecast of $1.01. DA Davidson has a “Neutral” rating and a $67.00 price target 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 $5.82 EPS.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada dropped their target price on Comerica from $78.00 to $76.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Truist Financial upgraded Comerica to a “hold” rating in a research report on Monday, January 6th. Argus upgraded shares of Comerica to a “hold” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on shares of Comerica from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.95.

Comerica Stock Performance

CMA opened at $59.30 on Thursday. The stock has a market cap of $7.78 billion, a P/E ratio of 11.81 and a beta of 1.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a fifty day moving average price of $62.70 and a 200 day moving average price of $63.62. Comerica has a 1 year low of $45.32 and a 1 year high of $73.45.

Comerica (NYSE:CMA) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same period last year, the business earned $1.46 EPS.

Institutional Trading of Comerica

A number of institutional investors have recently bought and sold shares of the business. Wedmont Private Capital lifted its stake in Comerica by 2.4% during the fourth quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 186 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after buying an additional 200 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Comerica by 2.0% in the 4th quarter. Bessemer Group Inc. now owns 10,859 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 211 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 221 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Comerica by 2.0% during the fourth quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock worth $731,000 after buying an additional 227 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Comerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.71 per share. The ex-dividend date was Friday, March 14th. This represents a $2.84 annualized dividend and a dividend yield of 4.79%. Comerica’s dividend payout ratio (DPR) is currently 56.57%.

About Comerica

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.