Canadian Imperial Bank of Commerce (TSE:CM) Forecasted to Earn FY2025 Earnings of $7.33 Per Share

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Cormark upped their FY2025 EPS estimates for Canadian Imperial Bank of Commerce in a research note issued on Tuesday, August 20th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $7.33 for the year, up from their previous estimate of $7.30. Cormark currently has a “Market Perform” rating and a $72.00 price target on the stock. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $7.30 per share.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Canadian Imperial Bank of Commerce from C$74.00 to C$77.00 in a research report on Friday, May 31st. Royal Bank of Canada boosted their price target on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Friday, May 31st. National Bankshares boosted their price target on shares of Canadian Imperial Bank of Commerce from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Desjardins raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$71.00 to C$77.00 in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group boosted their price target on shares of Canadian Imperial Bank of Commerce from C$74.00 to C$75.00 in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$71.79.

Canadian Imperial Bank of Commerce Price Performance

Shares of Canadian Imperial Bank of Commerce stock opened at C$72.70 on Thursday. The firm has a market cap of C$68.56 billion, a P/E ratio of 11.10, a P/E/G ratio of 3.01 and a beta of 1.12. The firm has a 50 day simple moving average of C$68.20 and a 200 day simple moving average of C$66.58. Canadian Imperial Bank of Commerce has a fifty-two week low of C$47.44 and a fifty-two week high of C$73.04.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, May 30th. The company reported C$1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.66 by C$0.09. Canadian Imperial Bank of Commerce had a net margin of 29.25% and a return on equity of 11.92%. The company had revenue of C$6.16 billion during the quarter, compared to analysts’ expectations of C$6.11 billion.

Insider Transactions at Canadian Imperial Bank of Commerce

In other news, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$67.50, for a total transaction of C$1,605,285.00. In related news, Senior Officer John Hountalas sold 20,808 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$65.97, for a total value of C$1,372,672.55. Also, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$67.50, for a total transaction of C$1,605,285.00. 0.02% of the stock is currently owned by insiders.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Friday, June 28th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Friday, June 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 54.96%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.