Headlines about Comerica (NYSE:CMA) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comerica earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.8984202348801 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
Shares of CMA opened at $93.57 on Friday. The stock has a market cap of $16.12 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.73 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. Comerica has a 12-month low of $64.04 and a 12-month high of $102.66.
Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.26. The firm had revenue of $838.00 million during the quarter, compared to the consensus estimate of $833.59 million. Comerica had a return on equity of 13.14% and a net margin of 27.28%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. equities analysts forecast that Comerica will post 6.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, July 1st. Stockholders of record on Friday, June 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, June 14th. This is an increase from Comerica’s previous quarterly dividend of $0.30. Comerica’s dividend payout ratio (DPR) is 28.75%.
CMA has been the subject of several analyst reports. Nomura raised their target price on Comerica to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 26th. B. Riley raised their target price on Comerica from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, April 3rd. ValuEngine upgraded Comerica from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, Wedbush upgraded Comerica from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $103.00 to $111.00 in a research note on Monday, April 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.42.
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.
Further Reading: Do closed-end mutual funds pay dividends?
Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter.