Costamare (NYSE:CMRE - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Costamare to post earnings of $0.66 per share for the quarter.
Costamare (NYSE:CMRE - Get Free Report) last announced its earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same period last year, the company earned $0.46 EPS. On average, analysts expect Costamare to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Costamare Trading Up 0.3 %
Shares of CMRE stock traded up $0.04 on Wednesday, hitting $11.64. The company had a trading volume of 98,956 shares, compared to its average volume of 330,394. Costamare has a twelve month low of $10.14 and a twelve month high of $17.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The firm has a market cap of $1.37 billion, a P/E ratio of 3.87 and a beta of 1.33. The stock's 50-day moving average is $12.84 and its two-hundred day moving average is $13.72.
Costamare Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare's dividend payout ratio is presently 15.28%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Costamare from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $13.00 price target on shares of Costamare in a research report on Friday, November 1st.
View Our Latest Research Report on CMRE
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