Costamare (NYSE:CMRE) will post its quarterly earnings results after the market closes on Tuesday, January 23rd. Analysts expect Costamare to post earnings of $0.17 per share for the quarter.

Costamare (NYSE:CMRE) last released its earnings results on Tuesday, October 24th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Costamare had a net margin of 14.03% and a return on equity of 7.57%. The business had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $100.24 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue 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 $6.33 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.92. Costamare has a 12-month low of $5.07 and a 12-month high of $8.18. The stock has a market cap of $676.58, a P/E ratio of 17.58, a P/E/G ratio of 1.73 and a beta of 2.11.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Tuesday, January 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, January 22nd. This represents a $0.40 annualized dividend and a dividend yield of 6.32%. Costamare’s dividend payout ratio is presently 111.11%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Costamare from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. ValuEngine raised shares of Costamare from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. BidaskClub cut shares of Costamare from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Credit Suisse Group set a $7.00 target price on shares of Costamare and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $7.00 target price on shares of Costamare in a research report on Thursday, October 12th. Two equities 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 has a consensus rating of “Hold” and a consensus target price of $7.00.

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