News stories about Costamare (NYSE:CMRE) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Costamare earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 45.7490730457492 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Costamare (NYSE CMRE) traded up 2.696% during trading on Friday, hitting $6.285. 1,010,319 shares of the company were exchanged. The firm has a market capitalization of $666.15 million, a PE ratio of 15.673 and a beta of 2.17. The firm’s 50-day moving average price is $6.11 and its 200 day moving average price is $6.67. Costamare has a 12 month low of $5.07 and a 12 month high of $8.18.
Costamare (NYSE:CMRE) last posted its quarterly earnings data 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 firm had revenue of $98.40 million during the quarter, compared to analysts’ expectations of $100.24 million. Costamare had a return on equity of 7.57% and a net margin of 14.03%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, equities research analysts expect that Costamare will post $0.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Friday, October 20th. Costamare’s dividend payout ratio (DPR) is 111.11%.
Several research analysts have recently issued reports on CMRE shares. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 target price on shares of Costamare in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.04.
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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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