COSTAMARE INC/SH (CMRE) Scheduled to Post Quarterly Earnings on Wednesday

COSTAMARE INC/SH (NYSE:CMRE) is set to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect COSTAMARE INC/SH to post earnings of $0.13 per share for the quarter.

COSTAMARE INC/SH (NYSE:CMRE) last announced its quarterly earnings results on Monday, April 22nd. The shipping company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The business had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $109.61 million. COSTAMARE INC/SH had a return on equity of 5.35% and a net margin of 11.59%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts expect COSTAMARE INC/SH to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE CMRE opened at $5.30 on Tuesday. The company has a market cap of $596.04 million, a PE ratio of 12.62, a price-to-earnings-growth ratio of 2.00 and a beta of 2.10. The firm has a 50 day moving average price of $5.28. COSTAMARE INC/SH has a 52 week low of $4.20 and a 52 week high of $7.94. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.40 annualized dividend and a dividend yield of 7.55%. COSTAMARE INC/SH’s payout ratio is 95.24%.

Several equities research analysts recently commented on the company. TheStreet cut WESCO International from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Finally, ValuEngine cut Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.08.


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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Earnings History for COSTAMARE INC/SH (NYSE:CMRE)

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