Somewhat Critical News Coverage Somewhat Unlikely to Affect Costamare (CMRE) Share Price
News stories about Costamare (NYSE:CMRE) have trended somewhat negative this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Costamare earned a coverage optimism score of -0.06 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 47 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Bark or Bite? What is The Street Consensus on Costamare Inc. (NYSE:CMRE) – Evergreen Caller (evergreencaller.com)
- Critical Survey: Diana Containerships (DCIX) and Costamare (CMRE) (americanbankingnews.com)
- Costamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE) (americanbankingnews.com)
- Costamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus (americanbankingnews.com)
- Costamare Inc (CMRE)’s Technicals Placed in the Limelight – Sparta Review (spartareview.com)
Several research analysts have recently issued reports on CMRE shares. BidaskClub raised Costamare from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet raised Costamare from a “d+” rating to a “c” rating in a research report on Friday, April 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price objective on shares of Costamare in a research report on Friday. Zacks Investment Research raised Costamare from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, ValuEngine cut Costamare from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.50.
Costamare (NYSE:CMRE) opened at 7.13 on Monday. The firm has a market capitalization of $653.03 million, a PE ratio of 11.88 and a beta of 2.23. The stock’s 50 day moving average price is $7.02 and its 200 day moving average price is $6.45. Costamare has a 52-week low of $5.07 and a 52-week high of $10.45.
Costamare (NYSE:CMRE) last announced its quarterly earnings data on Thursday, April 27th. The shipping company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $105.52 million during the quarter, compared to analyst estimates of $103.41 million. Costamare had a return on equity of 10.50% and a net margin of 15.38%. Costamare’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. Analysts expect that Costamare will post $0.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.61%. The ex-dividend date is Thursday, July 20th. Costamare’s dividend payout ratio is currently 64.52%.
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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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