Costamare (NYSE:CMRE) Issues Earnings Results

Costamare (NYSE:CMRE) released its quarterly earnings results on Wednesday. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. Costamare had a net margin of 19.11% and a return on equity of 14.28%.

Costamare Price Performance

CMRE stock traded down $0.07 during midday trading on Wednesday, hitting $11.62. The company’s stock had a trading volume of 149,268 shares, compared to its average volume of 334,559. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. Costamare has a 12 month low of $10.29 and a 12 month high of $17.58. The company has a 50 day moving average of $12.62 and a two-hundred day moving average of $13.60. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 3.86 and a beta of 1.31.

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s dividend payout ratio (DPR) is presently 15.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CMRE shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 target price on shares of Costamare in a report on Wednesday. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

About Costamare