Costamare (CMRE) Set to Announce Earnings on Friday

Costamare (NYSE:CMRE) is scheduled to be releasing 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) last posted its quarterly earnings results on Wednesday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. Costamare had a net margin of 19.63% and a return on equity of 13.63%. The company had revenue of $515.42 million for the quarter, compared to analyst estimates 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

NYSE CMRE opened at $13.22 on Thursday. The company’s 50 day moving average is $14.15 and its 200-day moving average is $14.30. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.56 billion, a P/E ratio of 5.12 and a beta of 1.37. Costamare has a 12-month low of $8.54 and a 12-month high of $17.58.

Costamare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 21st will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, October 21st. Costamare’s dividend payout ratio (DPR) is presently 17.83%.

Analyst Ratings Changes

A number of research firms recently weighed in on CMRE. Jefferies Financial Group upped their target price on shares of Costamare from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on shares of Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th.

Costamare Company Profile