Costamare (NYSE:CMRE) Posts Earnings Results, Beats Estimates By $0.03 EPS

Costamare (NYSE:CMRE) posted its earnings results on Wednesday. The shipping company reported $0.69 EPS for the quarter, topping 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 Price Performance

NYSE:CMRE traded down $0.11 during mid-day trading on Friday, reaching $10.61. 212,703 shares of the stock were exchanged, compared to its average volume of 388,064. 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 business has a fifty day moving average price of $12.53 and a 200 day moving average price of $13.57. Costamare has a 1-year low of $10.52 and a 1-year high of $17.58. The firm has a market capitalization of $1.25 billion, a PE ratio of 3.50 and a beta of 1.31.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were paid a dividend of $0.115 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.34%. Costamare’s dividend payout ratio is presently 15.28%.

Analysts Set New Price Targets

A number of research firms have recently commented on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price objective on shares of Costamare in a research note on Wednesday. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

About Costamare