Costamare (NYSE:CMRE) Releases Quarterly Earnings Results

Costamare (NYSE:CMRE) released its earnings results on Wednesday. The shipping company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. Costamare had a return on equity of 14.28% and a net margin of 19.11%.

Costamare Stock Performance

Shares of CMRE traded up $0.01 during mid-day trading on Wednesday, reaching $11.70. The company had a trading volume of 166,072 shares, compared to its average volume of 335,160. The stock has a market capitalization of $1.38 billion, a P/E ratio of 3.89 and a beta of 1.31. Costamare has a 52-week low of $10.29 and a 52-week high of $17.58. The stock has a 50 day moving average of $12.62 and a two-hundred day moving average of $13.60. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.93%. The ex-dividend date is Tuesday, January 21st. Costamare’s dividend payout ratio is currently 15.28%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Costamare in a research note on Wednesday. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

About Costamare