Equities research analysts expect Costamare Inc (NYSE:CMRE) to announce earnings per share (EPS) of $0.15 for the current quarter, Zacks reports. Three analysts have made estimates for Costamare’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. Costamare posted earnings per share of $0.28 during the same quarter last year, which suggests a negative year over year growth rate of 46.4%. The business is scheduled to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that Costamare will report full-year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.79. For the next year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.42 to $1.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Costamare.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Tuesday, October 24th. The shipping company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $98.40 million during the quarter, compared to analysts’ expectations of $100.24 million. Costamare had a net margin of 14.03% and a return on equity of 7.57%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.

A number of brokerages have recently issued reports on CMRE. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price objective on shares of Costamare in a report on Thursday, October 12th. Zacks Investment Research cut shares of Costamare from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Credit Suisse Group set a $7.00 price objective on shares of Costamare and gave the company a “hold” rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Costamare from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub cut shares of Costamare from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costamare has an average rating of “Hold” and an average target price of $7.00.

Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC purchased a new position in Costamare during the second quarter worth about $105,000. Penn Capital Management Co. Inc. purchased a new position in Costamare during the second quarter worth about $125,000. FNY Partners Fund LP purchased a new position in Costamare during the third quarter worth about $106,000. Highbridge Capital Management LLC purchased a new position in Costamare during the third quarter worth about $124,000. Finally, Royal Bank of Canada boosted its holdings in Costamare by 31.4% during the second quarter. Royal Bank of Canada now owns 21,265 shares of the shipping company’s stock worth $155,000 after purchasing an additional 5,081 shares during the last quarter. Institutional investors and hedge funds own 25.62% of the company’s stock.

Shares of Costamare (CMRE) traded down $0.10 during midday trading on Friday, hitting $6.22. 693,836 shares of the stock were exchanged, compared to its average volume of 571,221. The firm has a market capitalization of $665.76, a PE ratio of 17.28, a P/E/G ratio of 1.74 and a beta of 2.10. Costamare has a 52-week low of $5.07 and a 52-week high of $8.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.43%. The ex-dividend date is Monday, January 22nd. Costamare’s dividend payout ratio (DPR) is presently 111.11%.

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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.

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