Somewhat Favorable News Coverage Somewhat Unlikely to Affect Costamare (CMRE) Stock Price
Media stories about Costamare (NYSE:CMRE) have trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. 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 0.20 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.0899734124872 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Costamare Inc. $0.0001 par val (NYSE:CMRE) Sees Heavy Trading Volume with 516K Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Costamare Inc. $0.0001 par val (NYSE:CMRE) Stock Traded Much Lower Than Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Costamare Inc. (CMRE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Costamare Inc. $0.0001 par val (NYSE:CMRE) Closed -7.8% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Costamare Inc. $0.0001 par val (NYSE:CMRE) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
A number of analysts recently issued reports on the company. ValuEngine upgraded Costamare from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. BidaskClub lowered Costamare from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target on shares of Costamare in a report on Friday, July 14th. Zacks Investment Research lowered Costamare from a “hold” rating to a “strong sell” rating in a report on Monday, July 3rd. Finally, TheStreet upgraded Costamare from a “d+” rating to a “c” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Costamare presently has an average rating of “Hold” and a consensus price target of $8.50.
Shares of Costamare (NYSE:CMRE) opened at 6.29 on Friday. The company has a 50 day moving average price of $6.75 and a 200-day moving average price of $6.65. The stock has a market cap of $666.68 million, a price-to-earnings ratio of 15.69 and a beta of 2.21. Costamare has a one year low of $5.07 and a one year high of $9.54.
Costamare (NYSE:CMRE) last issued its quarterly earnings results on Tuesday, July 25th. The shipping company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Costamare had a net margin of 12.70% and a return on equity of 8.94%. The company had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $104.23 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was down 12.5% compared to the same quarter last year. Equities analysts predict that Costamare will post $0.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 24th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.40 annualized dividend and a yield of 6.36%. Costamare’s dividend payout ratio is presently 105.27%.
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.
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