Costamare (NYSE:CMRE - Get Free Report) is set to release its earnings data before the market opens on Friday, November 1st. Analysts expect Costamare to post earnings of $0.64 per share for the quarter.
Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. Costamare had a return on equity of 13.63% and a net margin of 19.63%. The firm had revenue of $515.42 million for the quarter, compared to the consensus estimate of $380.41 million. On average, analysts expect Costamare to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Costamare Stock Performance
Shares of NYSE CMRE traded up $0.40 during trading on Thursday, hitting $13.61. The company had a trading volume of 343,437 shares, compared to its average volume of 498,537. The stock has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.54 and a current ratio of 1.61. Costamare has a 12 month low of $8.54 and a 12 month high of $17.58. The firm has a market capitalization of $1.60 billion, a P/E ratio of 5.12 and a beta of 1.37.
Costamare Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Monday, October 21st. Costamare's dividend payout ratio (DPR) is currently 17.83%.
Analyst Ratings Changes
CMRE has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on Costamare from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on Costamare from $12.00 to $14.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Finally, StockNews.com cut Costamare from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd.
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