Media headlines about Costamare (NYSE:CMRE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Costamare earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 44.7509922774895 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
CMRE stock opened at $6.64 on Friday. The stock has a market cap of $746.89, a PE ratio of 8.62 and a beta of 1.99. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Costamare has a 1 year low of $5.45 and a 1 year high of $8.18.
Costamare (NYSE:CMRE) last released its quarterly earnings data on Tuesday, January 23rd. The shipping company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $99.20 million for the quarter, compared to analysts’ expectations of $97.52 million. Costamare had a net margin of 17.67% and a return on equity of 7.28%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. sell-side analysts expect that Costamare will post 0.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Friday, April 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.02%. Costamare’s dividend payout ratio (DPR) is presently 51.95%.
A number of research firms have recently issued reports on CMRE. ValuEngine cut shares of Costamare from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Costamare from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.83.
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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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