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

Costamare (NYSE:CMRE) released its quarterly 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 Trading Down 1.1 %

CMRE traded down $0.11 during trading on Friday, hitting $10.61. The company’s stock had a trading volume of 212,703 shares, compared to its average volume of 388,064. The firm has a market capitalization of $1.25 billion, a P/E ratio of 3.50 and a beta of 1.31. Costamare has a twelve month low of $10.52 and a twelve month high of $17.58. The stock’s fifty day moving average price is $12.53 and its 200-day moving average price is $13.57. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

Costamare Announces Dividend

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

Analyst Upgrades and Downgrades

CMRE has been the topic of several recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target on shares of Costamare in a research note on Wednesday. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

About Costamare