Equities analysts expect COSTAMARE INC/SH (NYSE:CMRE) to report sales of $112.67 million for the current quarter, Zacks reports. Three analysts have issued estimates for COSTAMARE INC/SH’s earnings, with the highest sales estimate coming in at $115.42 million and the lowest estimate coming in at $110.90 million. COSTAMARE INC/SH reported sales of $90.58 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.4%. The company is scheduled to announce its next earnings results on Tuesday, July 23rd.
On average, analysts expect that COSTAMARE INC/SH will report full-year sales of $448.31 million for the current financial year, with estimates ranging from $443.86 million to $452.93 million. For the next year, analysts expect that the company will report sales of $471.78 million, with estimates ranging from $450.95 million to $495.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for COSTAMARE INC/SH.
COSTAMARE INC/SH (NYSE:CMRE) last announced its quarterly earnings data on Monday, April 22nd. The shipping company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $109.61 million. COSTAMARE INC/SH had a net margin of 11.59% and a return on equity of 5.35%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share.
Shares of NYSE CMRE opened at $5.66 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market capitalization of $652.27 million, a PE ratio of 13.48, a PEG ratio of 2.13 and a beta of 2.23. COSTAMARE INC/SH has a 1 year low of $4.20 and a 1 year high of $8.39.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Monday, April 22nd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.07%. COSTAMARE INC/SH’s dividend payout ratio (DPR) is presently 95.24%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in COSTAMARE INC/SH by 136.0% during the first quarter. The Manufacturers Life Insurance Company now owns 32,900 shares of the shipping company’s stock valued at $171,000 after acquiring an additional 18,962 shares in the last quarter. Northern Trust Corp grew its stake in COSTAMARE INC/SH by 4.0% during the first quarter. Northern Trust Corp now owns 510,456 shares of the shipping company’s stock valued at $2,655,000 after acquiring an additional 19,670 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in COSTAMARE INC/SH by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,059,788 shares of the shipping company’s stock valued at $21,110,000 after acquiring an additional 247,065 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in COSTAMARE INC/SH by 5.4% during the first quarter. Parametric Portfolio Associates LLC now owns 584,118 shares of the shipping company’s stock valued at $3,037,000 after acquiring an additional 29,682 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in COSTAMARE INC/SH by 18.0% during the first quarter. Cullen Frost Bankers Inc. now owns 57,920 shares of the shipping company’s stock valued at $301,000 after acquiring an additional 8,833 shares in the last quarter. 20.94% of the stock is owned by hedge funds and other institutional investors.
About COSTAMARE INC/SH
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.
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