Brokerages forecast that COSTAMARE INC/SH (NYSE:CMRE) will report $0.13 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for COSTAMARE INC/SH’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. COSTAMARE INC/SH reported earnings of $0.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 30%. The firm is expected to issue its next quarterly earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that COSTAMARE INC/SH will report full-year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.59. For the next fiscal year, analysts anticipate that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.69 to $0.89. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow COSTAMARE INC/SH.
COSTAMARE INC/SH (NYSE:CMRE) last issued its quarterly earnings data on Monday, April 22nd. The shipping company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. COSTAMARE INC/SH had a net margin of 11.59% and a return on equity of 5.35%. The business had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $109.61 million. During the same period last year, the company posted $0.12 EPS. The business’s revenue was up 21.5% on a year-over-year basis.
A number of equities analysts have commented on the stock. ValuEngine raised shares of COSTAMARE INC/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised shares of COSTAMARE INC/SH from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley set a $8.00 price target on shares of COSTAMARE INC/SH and gave the stock a “buy” rating in a research note on Friday, February 15th.
Several large investors have recently bought and sold shares of CMRE. Vanguard Group Inc. raised its holdings in shares of COSTAMARE INC/SH by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 157,477 shares of the shipping company’s stock valued at $1,022,000 after purchasing an additional 10,123 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of COSTAMARE INC/SH by 6.9% in the 3rd quarter. Vanguard Group Inc now owns 157,477 shares of the shipping company’s stock valued at $1,022,000 after purchasing an additional 10,123 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of COSTAMARE INC/SH by 2.5% in the 3rd quarter. Teachers Advisors LLC now owns 239,955 shares of the shipping company’s stock valued at $1,557,000 after purchasing an additional 5,869 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of COSTAMARE INC/SH by 42.7% in the 4th quarter. Rhumbline Advisers now owns 68,161 shares of the shipping company’s stock valued at $299,000 after purchasing an additional 20,383 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of COSTAMARE INC/SH in the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 20.29% of the company’s stock.
Shares of NYSE:CMRE opened at $5.72 on Friday. COSTAMARE INC/SH has a 52 week low of $4.20 and a 52 week high of $8.39. The firm has a market capitalization of $636.55 million, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.10 and a beta of 2.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.56.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Monday, April 22nd were issued a $0.10 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.99%. COSTAMARE INC/SH’s dividend payout ratio is currently 95.24%.
About COSTAMARE INC/SH
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.
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