Costamare (CMRE) to Release Quarterly Earnings on Wednesday

Costamare (NYSE:CMRE) is projected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $544.64 million for the quarter, compared to analysts’ expectations of $434.13 million. Costamare had a net margin of 19.11% and a return on equity of 14.28%. During the same period in the previous year, the business earned $0.46 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 Stock Performance

Shares of CMRE opened at $11.59 on Wednesday. The firm has a market capitalization of $1.36 billion, a PE ratio of 3.85 and a beta of 1.33. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $12.84 and a 200 day moving average price of $13.72. Costamare has a 52-week low of $10.14 and a 52-week high of $17.58.

Costamare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s dividend payout ratio (DPR) is presently 15.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMRE shares. StockNews.com upgraded Costamare from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Costamare in a research note on Friday, November 1st.

About Costamare