Costamare (NYSE:CMRE – Get Free Report) is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Costamare (NYSE:CMRE – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $494.85 million for the quarter, compared to analyst estimates of $419.00 million. Costamare had a net margin of 25.26% and a return on equity of 11.37%. During the same period in the previous year, the firm posted $0.61 EPS. On average, analysts expect Costamare to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Costamare Price Performance
NYSE:CMRE traded up $0.09 on Wednesday, hitting $12.73. The company had a trading volume of 23,250 shares, compared to its average volume of 425,861. The firm has a 50 day moving average of $11.42 and a two-hundred day moving average of $10.63. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 4.28 and a beta of 1.32. Costamare has a 52 week low of $7.71 and a 52 week high of $12.73. The company has a current ratio of 1.69, a quick ratio of 1.59 and a debt-to-equity ratio of 0.83.
Costamare Announces Dividend
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CMRE. Stifel Nicolaus increased their price objective on Costamare from $11.50 to $12.00 and gave the company a “hold” rating in a report on Friday, April 19th. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.
Check Out Our Latest Research Report on Costamare
Costamare Company Profile
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