Costamare (CMRE) Set to Announce Quarterly Earnings on Friday

Costamare (NYSE:CMRE) 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Costamare (NYSE:CMRE) last released its quarterly earnings results on Wednesday, February 7th. The shipping company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Costamare had a net margin of 25.26% and a return on equity of 11.37%. The business had revenue of $494.85 million for the quarter, compared to analyst estimates of $419.00 million. During the same period last year, the firm earned $0.61 earnings per share. 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 opened at $13.10 on Thursday. Costamare has a 52 week low of $7.71 and a 52 week high of $13.11. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 4.44 and a beta of 1.32. The firm’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $10.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.59 and a current ratio of 1.69.

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 19th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, April 18th. Costamare’s dividend payout ratio is currently 15.59%.

Wall Street Analysts Forecast Growth

CMRE has been the topic of several recent analyst reports. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Stifel Nicolaus raised their target price on shares of Costamare from $11.50 to $12.00 and gave the company a “hold” rating in a report on Friday, April 19th.

About Costamare