Costamare Inc. (NYSE:CMRE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 25th. Analysts expect Costamare to post earnings of $0.23 per share for the quarter.

Costamare (NYSE:CMRE) last issued its earnings results on Thursday, April 27th. The shipping company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Costamare had a net margin of 15.38% and a return on equity of 10.50%. The business had revenue of $105.52 million for the quarter, compared to analysts’ expectations of $103.41 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, analysts expect Costamare to post $0.87 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.

Shares of Costamare Inc. (NYSE:CMRE) opened at 7.05 on Tuesday. The firm’s 50-day moving average is $7.02 and its 200-day moving average is $6.45. Costamare Inc. has a one year low of $5.07 and a one year high of $10.45. The company has a market cap of $645.70 million, a PE ratio of 11.75 and a beta of 2.23.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 24th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Thursday, July 20th. Costamare’s dividend payout ratio is presently 64.52%.

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Several research analysts have recently weighed in on CMRE shares. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Credit Suisse Group upgraded shares of Costamare from an “underperform” rating to a “neutral” rating and set a $8.00 price objective on the stock in a research report on Monday, May 1st. TheStreet upgraded shares of Costamare from a “d+” rating to a “c” rating in a research report on Friday, April 28th. ValuEngine downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.50.

Costamare Company Profile

Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.

Earnings History for Costamare (NYSE:CMRE)

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