Costamare (CMRE) to Release Earnings on Tuesday

Costamare (NYSE:CMRE) will be posting 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 posted its quarterly earnings data 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 return on equity of 7.57% and a net margin of 14.03%. The company had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $100.24 million. During the same period in the previous year, the firm posted $0.37 EPS. Costamare’s revenue was down 14.7% compared to the same quarter last year. 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 (CMRE) opened at $6.33 on Friday. 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 twelve month low of $5.07 and a twelve month high of $8.18. The stock has a market capitalization of $653.07, a PE ratio of 17.58, a P/E/G ratio of 1.67 and a beta of 2.11.

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

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Costamare from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. BidaskClub cut Costamare from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, ValuEngine cut Costamare from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 15th. 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

A hedge fund recently raised its stake in Costamare stock. Vanguard Group Inc. lifted its stake in shares of Costamare Inc (NYSE:CMRE) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,736 shares of the shipping company’s stock after purchasing an additional 12,165 shares during the period. Vanguard Group Inc. owned 0.08% of Costamare worth $539,000 as of its most recent SEC filing. Institutional investors own 25.62% of the company’s stock.

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About Costamare

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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