Comerica (NYSE:CMA – Get Free Report) released its quarterly earnings data on Friday. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.19, RTT News reports. Comerica had a return on equity of 15.01% and a net margin of 12.15%. During the same period last year, the business earned $1.84 EPS.
Comerica Stock Performance
NYSE CMA opened at $64.97 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.96 and a quick ratio of 0.96. Comerica has a 1 year low of $37.40 and a 1 year high of $66.06. The stock has a market capitalization of $8.61 billion, a PE ratio of 12.92 and a beta of 1.23. The company’s 50 day simple moving average is $57.96 and its two-hundred day simple moving average is $53.77.
Comerica Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, September 13th. Comerica’s dividend payout ratio (DPR) is presently 56.46%.
Analyst Ratings Changes
Insider Buying and Selling
In other news, EVP Christine M. Moore sold 2,545 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $57.51, for a total transaction of $146,362.95. Following the completion of the sale, the executive vice president now owns 27,910 shares of the company’s stock, valued at approximately $1,605,104.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by company insiders.
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.
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