Costamare (NYSE:CMRE – Get Free Report) is set to post its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect Costamare to post earnings of $0.62 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Costamare (NYSE:CMRE – Get Free Report) last issued its earnings results on Wednesday, February 7th. The shipping company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Costamare had a return on equity of 11.37% and a net margin of 25.26%. The business had revenue of $494.85 million during the quarter, compared to analyst estimates of $419.00 million. During the same quarter in the previous year, the firm earned $0.61 EPS. 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
Shares of NYSE:CMRE opened at $13.10 on Thursday. Costamare has a fifty-two week low of $7.71 and a fifty-two week high of $13.11. The business has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $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. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 4.44 and a beta of 1.32.
Costamare Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on CMRE shares. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus upped their price target on shares of Costamare from $11.50 to $12.00 and gave the company a “hold” rating in a research report on Friday, April 19th.
View Our Latest Research Report on CMRE
About Costamare
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