Costamare (NYSE:CMRE) vs. Diana Shipping inc. (DSX) Financial Survey
Costamare (NYSE: CMRE) and Diana Shipping inc. (NYSE:DSX) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their profitabiliy, valuation, dividends, earnings, analyst recommendations, institutional ownership and risk.
Insider and Institutional Ownership
19.2% of Costamare shares are owned by institutional investors. Comparatively, 34.6% of Diana Shipping inc. shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
This table compares Costamare and Diana Shipping inc.’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Diana Shipping inc.||-122.29%||-14.80%||-9.26%|
Costamare pays an annual dividend of $0.40 per share and has a dividend yield of 6.0%. Diana Shipping inc. does not pay a dividend. Costamare pays out 105.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
This is a breakdown of current recommendations for Costamare and Diana Shipping inc., as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Diana Shipping inc.||1||5||2||0||2.13|
Costamare currently has a consensus price target of $8.50, suggesting a potential upside of 28.21%. Diana Shipping inc. has a consensus price target of $4.65, suggesting a potential upside of 12.32%. Given Costamare’s stronger consensus rating and higher probable upside, research analysts clearly believe Costamare is more favorable than Diana Shipping inc..
Earnings and Valuation
This table compares Costamare and Diana Shipping inc.’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Costamare||$438.93 million||1.46||$279.67 million||$0.38||17.45|
|Diana Shipping inc.||$124.18 million||3.22||-$403,499.00||($1.90)||-2.18|
Costamare has higher revenue and earnings than Diana Shipping inc.. Diana Shipping inc. is trading at a lower price-to-earnings ratio than Costamare, indicating that it is currently the more affordable of the two stocks.
Volatility & Risk
Costamare has a beta of 2.21, indicating that its stock price is 121% more volatile than the S&P 500. Comparatively, Diana Shipping inc. has a beta of 1.52, indicating that its stock price is 52% more volatile than the S&P 500.
Costamare beats Diana Shipping inc. on 11 of the 14 factors compared between the two stocks.
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. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company’s fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.
About Diana Shipping inc.
Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt). As of February 16, 2017, the Company’s fleet included Danae, Dione, Nirefs, Alcyon, Triton, Thetis, Protefs, Calipso, Clio, Erato, Coronis, Melite, Leto, Artemis, Selina, Atalandi, Maia, Medusa, Norfolk, Aliki, Semirio, Boston, Seattle, Santa Barbara, New Orleans, Los Angeles, San Francisco and Newport News. The Company charters its dry bulk carriers to customers primarily pursuant to time charters.
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