Wall Street analysts forecast that COSTAMARE Inc/SH (NYSE:CMRE) will announce $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for COSTAMARE Inc/SH’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.14. COSTAMARE Inc/SH posted earnings per share of $0.16 during the same quarter last year, which would indicate a negative year-over-year growth rate of 31.3%. The company is expected to issue its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that COSTAMARE Inc/SH will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.51. For the next fiscal year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.64 to $1.33. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for COSTAMARE Inc/SH.

COSTAMARE Inc/SH (NYSE:CMRE) last announced its quarterly earnings results on Tuesday, July 24th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $90.60 million during the quarter, compared to the consensus estimate of $90.98 million. COSTAMARE Inc/SH had a net margin of 15.65% and a return on equity of 5.96%. The business’s revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS.

CMRE has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of COSTAMARE Inc/SH from a “hold” rating to a “sell” rating in a report on Monday, October 1st. Wells Fargo & Co downgraded shares of COSTAMARE Inc/SH from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Friday, September 28th. ValuEngine downgraded shares of COSTAMARE Inc/SH from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Morgan Stanley increased their price target on shares of COSTAMARE Inc/SH from $7.70 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.94.

Shares of CMRE traded down $0.02 during trading hours on Monday, reaching $5.84. The company had a trading volume of 347,206 shares, compared to its average volume of 466,113. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $639.88 million, a PE ratio of 7.58 and a beta of 1.99. COSTAMARE Inc/SH has a 12-month low of $5.45 and a 12-month high of $8.39.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Tuesday, October 23rd will be issued a $0.10 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.85%. COSTAMARE Inc/SH’s dividend payout ratio is presently 51.95%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in COSTAMARE Inc/SH by 28.1% in the 1st quarter. Barclays PLC now owns 53,348 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 11,714 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in COSTAMARE Inc/SH in the 2nd quarter valued at about $106,000. Raymond James & Associates acquired a new stake in COSTAMARE Inc/SH in the 2nd quarter valued at about $106,000. Nisa Investment Advisors LLC grew its stake in COSTAMARE Inc/SH by 31.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 84,240 shares of the shipping company’s stock valued at $672,000 after acquiring an additional 20,040 shares during the last quarter. Finally, Bienville Capital Management LLC acquired a new stake in COSTAMARE Inc/SH in the 2nd quarter valued at about $188,000. Institutional investors and hedge funds own 25.91% of the company’s stock.

COSTAMARE Inc/SH Company Profile

Costamare Inc owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU.

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