Costamare (NYSE:CMRE) will issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Costamare (NYSE:CMRE) last announced its quarterly earnings results on Tuesday, October 24th. The shipping company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Costamare had a net margin of 14.03% and a return on equity of 7.57%. The firm had revenue of $98.40 million during the quarter, compared to analyst estimates of $100.24 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts expect Costamare to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Costamare (NYSE:CMRE) opened at $6.32 on Wednesday. Costamare has a 12 month low of $5.07 and a 12 month high of $8.18. The company has a market cap of $676.46, a P/E ratio of 17.56, a PEG ratio of 1.74 and a beta of 2.10. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.87.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Tuesday, January 23rd will be paid a $0.10 dividend. The ex-dividend date is Monday, January 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.33%. Costamare’s dividend payout ratio is presently 111.11%.

Several brokerages recently issued reports on CMRE. ValuEngine upgraded shares of Costamare from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub lowered shares of Costamare from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Stifel Nicolaus restated a “hold” rating and set a $7.00 target price on shares of Costamare in a research report on Thursday, October 12th. Finally, Credit Suisse Group set a $7.00 target price on shares of Costamare and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.00.

An institutional investor recently raised its position in Costamare stock. Vanguard Group Inc. boosted its holdings in shares of Costamare Inc (NYSE:CMRE) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,736 shares of the shipping company’s stock after buying an additional 12,165 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Costamare worth $539,000 at the end of the most recent quarter. 25.62% of the stock is currently owned by institutional investors.

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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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