Shares of COSTAMARE Inc/SH (NYSE:CMRE) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.75.
Several research firms recently weighed in on CMRE. Wells Fargo & Co dropped their target price on shares of COSTAMARE Inc/SH from $8.50 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, July 31st. Zacks Investment Research downgraded shares of COSTAMARE Inc/SH from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Morgan Stanley lifted their target price on shares of COSTAMARE Inc/SH from $7.70 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, July 11th. Finally, ValuEngine upgraded shares of COSTAMARE Inc/SH from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th.
A number of hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA boosted its position in COSTAMARE Inc/SH by 46,343.3% in the 2nd quarter. Federated Investors Inc. PA now owns 328,354 shares of the shipping company’s stock valued at $2,620,000 after buying an additional 327,647 shares during the period. Globeflex Capital L P boosted its position in COSTAMARE Inc/SH by 98.4% in the 2nd quarter. Globeflex Capital L P now owns 341,689 shares of the shipping company’s stock valued at $2,727,000 after buying an additional 169,463 shares during the period. Dimensional Fund Advisors LP boosted its position in COSTAMARE Inc/SH by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,299,750 shares of the shipping company’s stock valued at $26,332,000 after buying an additional 185,475 shares during the period. BlackRock Inc. boosted its position in COSTAMARE Inc/SH by 2.1% in the 2nd quarter. BlackRock Inc. now owns 2,495,173 shares of the shipping company’s stock valued at $19,911,000 after buying an additional 51,450 shares during the period. Finally, Bienville Capital Management LLC purchased a new position in COSTAMARE Inc/SH in the 2nd quarter valued at approximately $188,000. 25.42% of the stock is owned by institutional investors.
COSTAMARE Inc/SH traded down $0.01, hitting $7.14, during trading on Friday, Marketbeat reports. The company had a trading volume of 499,018 shares, compared to its average volume of 385,220. COSTAMARE Inc/SH has a 1-year low of $5.45 and a 1-year high of $8.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 0.80. The company has a market capitalization of $780.74 million, a PE ratio of 9.27 and a beta of 1.95.
COSTAMARE Inc/SH (NYSE:CMRE) last posted its earnings results on Tuesday, July 24th. The shipping company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. COSTAMARE Inc/SH had a net margin of 15.65% and a return on equity of 5.96%. The firm had revenue of $90.60 million during the quarter, compared to the consensus estimate of $90.98 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. equities research analysts forecast that COSTAMARE Inc/SH will post 0.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Shareholders of record on Monday, July 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 20th. This represents a $0.40 annualized dividend and a yield of 5.60%. COSTAMARE Inc/SH’s dividend payout ratio is presently 51.95%.
COSTAMARE Inc/SH Company Profile
Costamare Inc is a holding company, engages in the provision of containerships chartering. It owns vessels such as new build containerships and second hand vessel. The company was founded on April 21, 2008 and is headquartered in Monaco, Monaco.
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