Comerica (NYSE:CMA – Get Free Report) issued its quarterly earnings data on Friday. The financial services provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.30, Briefing.com reports. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $812.79 million. Comerica had a net margin of 13.11% and a return on equity of 16.51%. During the same quarter in the prior year, the firm posted $2.01 earnings per share.
Comerica Trading Down 1.6 %
Shares of NYSE:CMA opened at $49.60 on Monday. Comerica has a 52 week low of $37.40 and a 52 week high of $58.50. The company’s 50 day moving average is $50.82 and its two-hundred day moving average is $51.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.26. The company has a market cap of $6.58 billion, a PE ratio of 9.96 and a beta of 1.25.
Insider Buying and Selling at Comerica
In related news, EVP Cassandra M. Mckinney sold 7,271 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $52.59, for a total value of $382,381.89. Following the transaction, the executive vice president now directly owns 7,236 shares of the company’s stock, valued at approximately $380,541.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on CMA
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.
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