Costamare (NYSE:CMRE) Issues Quarterly Earnings Results

Costamare (NYSE:CMRE) announced its quarterly earnings data on Wednesday. The shipping company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. Costamare had a net margin of 19.11% and a return on equity of 14.28%.

Costamare Stock Performance

Shares of CMRE stock traded down $0.65 during mid-day trading on Thursday, hitting $10.81. The stock had a trading volume of 285,334 shares, compared to its average volume of 351,509. Costamare has a fifty-two week low of $10.44 and a fifty-two week high of $17.58. The firm has a market cap of $1.27 billion, a PE ratio of 3.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The company’s 50-day simple moving average is $12.58 and its 200-day simple moving average is $13.59.

Costamare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s dividend payout ratio (DPR) is 15.28%.

Analyst Ratings Changes

Several equities analysts have issued reports on CMRE shares. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday.

Costamare Company Profile