Costamare (CMRE) to Release Earnings on Friday

Costamare (NYSE:CMRE) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect Costamare to post earnings of $0.62 per share for the quarter.

Costamare (NYSE:CMRE) last released its earnings results on Wednesday, February 7th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Costamare had a net margin of 25.26% and a return on equity of 11.37%. The business had revenue of $494.85 million for the quarter, compared to analysts’ expectations of $419.00 million. During the same period last year, the company earned $0.61 earnings per share. 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 0.9 %

Shares of NYSE:CMRE traded up $0.11 during trading on Wednesday, reaching $12.75. 65,650 shares of the stock were exchanged, compared to its average volume of 425,941. Costamare has a 12-month low of $7.71 and a 12-month high of $12.78. The firm’s 50-day moving average price is $11.42 and its 200 day moving average price is $10.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.59 and a current ratio of 1.69. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 4.32 and a beta of 1.32.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 19th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, April 18th. Costamare’s payout ratio is currently 15.59%.

Analyst Ratings Changes

CMRE has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Costamare from $11.50 to $12.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. StockNews.com cut Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th.

Costamare Company Profile