Costamare (NYSE:CMRE - Get Free Report) issued its earnings results on Wednesday. The shipping company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.03, Zacks reports. Costamare had a net margin of 15.14% and a return on equity of 14.03%.
Costamare Trading Down 1.6 %
Shares of CMRE stock traded down $0.18 during mid-day trading on Friday, reaching $10.55. The stock had a trading volume of 694,686 shares, compared to its average volume of 390,921. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average price is $12.48 and its two-hundred day moving average price is $13.53. The firm has a market capitalization of $1.24 billion, a PE ratio of 4.32 and a beta of 1.31. Costamare has a 52-week low of $10.51 and a 52-week high of $17.58.
Costamare Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Tuesday, January 21st. Costamare's dividend payout ratio (DPR) is presently 18.85%.
Analysts Set New Price Targets
Several research analysts have recently commented on CMRE shares. StockNews.com downgraded Costamare from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Jefferies Financial Group restated a "hold" rating and set a $13.00 price target on shares of Costamare in a research report on Wednesday.
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