Press coverage about Costamare (NYSE:CMRE) has been trending positive on Sunday, according to Accern. The research firm rates 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 coverage optimism score of 0.28 on Accern’s scale. Accern also gave press coverage about the shipping company an impact score of 46.6193378342457 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Brokerages Expect Costamare Inc. (CMRE) to Post $0.16 Earnings Per Share (americanbankingnews.com)
- Earnings Review and Free Research Report: Scorpio Bulkers Announced Q3 Results; Declared Dividend (finance.yahoo.com)
- Costamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : November 2, 2017 (finance.yahoo.com)
- Switching Stocks: Waste Connections, Inc., (NYSE: WCN), Costamare Inc., (NYSE: CMRE), Party City Holdco Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- What does Average Directional Index Predict about Costamare Inc. (NYSE:CMRE)? – The Oracle Examiner (oracleexaminer.com)
Shares of Costamare (CMRE) traded up $0.12 on Friday, hitting $6.05. The stock had a trading volume of 581,775 shares, compared to its average volume of 755,170. The firm has a market cap of $646.65, a P/E ratio of 6.88, a P/E/G ratio of 1.52 and a beta of 2.14. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. Costamare has a fifty-two week low of $5.07 and a fifty-two 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, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $98.40 million for the quarter, compared to the consensus estimate of $100.24 million. Costamare had a return on equity of 7.57% and a net margin of 14.03%. Costamare’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. sell-side analysts anticipate that Costamare will post 0.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Friday, October 20th. Costamare’s payout ratio is currently 111.11%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Costamare from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price objective on shares of Costamare in a report on Friday, July 14th. BidaskClub downgraded Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine raised Costamare from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $7.00 price objective on Costamare and gave the company a “hold” rating in a report on Wednesday, October 25th. 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.04.
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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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