Costamare (CMRE) Expected to Announce Earnings on Wednesday

Costamare (NYSE:CMRE) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $404.27 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The business had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. During the same period in the prior year, the company posted $0.46 EPS. On average, analysts expect Costamare to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Costamare Stock Down 1.6 %

CMRE stock opened at $11.48 on Tuesday. The firm’s 50-day moving average is $12.65 and its two-hundred day moving average is $13.62. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.81 and a beta of 1.31. Costamare has a 52 week low of $10.14 and a 52 week high of $17.58.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, January 21st. Costamare’s dividend payout ratio is presently 15.28%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMRE. StockNews.com cut shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price objective on shares of Costamare in a report on Friday, November 1st.

About Costamare