Equities research analysts predict that Costamare Inc. (NYSE:CMRE) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Costamare’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. Costamare posted earnings per share of $0.28 in the same quarter last year, which would suggest a negative year over year growth rate of 42.9%. The company is scheduled to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that Costamare will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.95. For the next year, analysts expect that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.40 to $0.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Costamare.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Tuesday, October 24th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $98.40 million for the quarter, compared to analyst estimates of $100.24 million. Costamare had a return on equity of 7.57% and a net margin of 14.03%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share.

A number of equities analysts have recently weighed in on CMRE shares. BidaskClub lowered Costamare from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Costamare from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group set a $7.00 target price on Costamare and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price on shares of Costamare in a research note on Friday, July 14th. Finally, ValuEngine lowered Costamare from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $7.04.

Costamare (CMRE) traded up $0.05 during trading hours on Friday, reaching $6.05. The company’s stock had a trading volume of 581,775 shares, compared to its average volume of 683,245. The company has a market capitalization of $647.56 million, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.49 and a beta of 2.14. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. Costamare has a 12-month low of $5.07 and a 12-month high of $8.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, October 20th. This represents a $0.40 dividend on an annualized basis and a yield of 6.61%. Costamare’s dividend payout ratio (DPR) is presently 111.11%.

A number of institutional investors have recently bought and sold shares of CMRE. Bank of New York Mellon Corp increased its stake in Costamare by 33.4% during the 1st quarter. Bank of New York Mellon Corp now owns 93,261 shares of the shipping company’s stock worth $622,000 after acquiring an additional 23,348 shares during the period. Prudential Financial Inc. bought a new position in Costamare during the 1st quarter worth $285,000. American International Group Inc. increased its stake in Costamare by 7.9% during the 1st quarter. American International Group Inc. now owns 16,419 shares of the shipping company’s stock worth $109,000 after acquiring an additional 1,202 shares during the period. Alliancebernstein L.P. increased its stake in Costamare by 35.1% during the 1st quarter. Alliancebernstein L.P. now owns 33,500 shares of the shipping company’s stock worth $223,000 after acquiring an additional 8,700 shares during the period. Finally, Geode Capital Management LLC increased its stake in Costamare by 111.7% during the 1st quarter. Geode Capital Management LLC now owns 401,120 shares of the shipping company’s stock worth $2,670,000 after acquiring an additional 211,686 shares during the period. Hedge funds and other institutional investors own 26.38% of the company’s stock.

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About Costamare

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.

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