Costamare (CMRE) Earns Coverage Optimism Score of 0.07
Media headlines about Costamare (NYSE:CMRE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Costamare earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 44.7165550734178 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Costamare Inc $0.0001 Par Value (NYSE:CMRE) Sellers Increased By 0.24% Their Shorts (djzplanet.com)
- ValuEngine Downgrades Costamare (CMRE) to Hold (americanbankingnews.com)
- Take a snapshot of Stock: Costamare Inc. (CMRE) (mostvolatilestocks.com)
- Willis Towers Watson Public Limited Company (WLTW) At $147.89 Forms Top; Q Global Advisors Has Trimmed By … (teletechwire.com)
- How are Essendant Inc. (NasdaqGS:ESND) and Costamare Inc. (NYSE:CMRE)’s Margins Stacking Up? (concordiareview.com)
CMRE has been the subject of several recent analyst reports. Zacks Investment Research lowered Costamare from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. ValuEngine lowered Costamare from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.83.
Costamare (NYSE:CMRE) last announced its earnings results on Tuesday, January 23rd. The shipping company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Costamare had a return on equity of 7.28% and a net margin of 17.67%. The company had revenue of $99.20 million during the quarter, compared to analyst estimates of $97.52 million. During the same period last year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. equities analysts anticipate that Costamare will post 0.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Friday, April 20th will be paid a $0.10 dividend. 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 5.94%. Costamare’s dividend payout ratio (DPR) is presently 51.95%.
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Costamare Company Profile
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU.
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