Somewhat Positive Press Coverage Somewhat Unlikely to Affect Costamare (CMRE) Stock Price
Press coverage about Costamare (NYSE:CMRE) has been trending somewhat positive on Saturday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Costamare earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 46.3567435223884 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- YieldBoost CMRE From 7.1% To 17.9% Using Options (stockoptionschannel.com)
- Numeric Investors LLC Modifies Its Investment in Costamare Inc (CMRE) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- Costamare Inc. (CMRE) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Hot Stocks in Focus: Axalta Coating Systems Ltd., (NYSE: AXTA), Costamare Inc., (NYSE: CMRE), Vornado Realty … – Stocks In The News (press release) (tradingnewsnow.com)
- Moving Average Convergence Divergence Analysis of Costamare Inc. (NYSE:CMRE) – The Oracle Examiner (oracleexaminer.com)
CMRE has been the topic of a number of analyst reports. ValuEngine cut Costamare from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub cut Costamare from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Costamare from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price on shares of Costamare in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.04.
Shares of Costamare (NYSE CMRE) traded up $0.05 during trading hours on Friday, reaching $5.65. The company’s stock had a trading volume of 562,700 shares, compared to its average volume of 828,277. The firm has a market cap of $596.72, a PE ratio of 6.36, a PEG ratio of 1.41 and a beta of 2.14. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. Costamare has a 52-week low of $5.07 and a 52-week high of $8.18.
Costamare (NYSE:CMRE) last announced its earnings results on Tuesday, October 24th. The shipping company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Costamare had a return on equity of 7.57% and a net margin of 14.03%. The firm had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $100.24 million. During the same quarter in the prior year, the firm earned $0.37 EPS. Costamare’s quarterly revenue was down 14.7% on a year-over-year basis. equities analysts anticipate that Costamare will post 0.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Friday, October 20th. Costamare’s dividend payout ratio (DPR) is 111.11%.
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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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