COSTAMARE INC/SH (NYSE:CMRE) declared a quarterly dividend on Monday, July 1st, Zacks reports. Stockholders of record on Monday, July 22nd will be given a dividend of 0.10 per share by the shipping company on Wednesday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Friday, July 19th.
COSTAMARE INC/SH has decreased its dividend by an average of 29.7% per year over the last three years. COSTAMARE INC/SH has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect COSTAMARE INC/SH to earn $0.82 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 48.8%.
COSTAMARE INC/SH stock opened at $5.70 on Thursday. The company has a market capitalization of $624.18 million, a PE ratio of 12.91, a P/E/G ratio of 2.04 and a beta of 2.09. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. COSTAMARE INC/SH has a fifty-two week low of $4.20 and a fifty-two week high of $7.94. The stock has a fifty day moving average price of $5.25.
COSTAMARE INC/SH (NYSE:CMRE) last posted its quarterly earnings results on Monday, April 22nd. The shipping company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. COSTAMARE INC/SH had a net margin of 11.59% and a return on equity of 5.35%. The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $109.61 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. As a group, equities research analysts forecast that COSTAMARE INC/SH will post 0.55 EPS for the current year.
Several analysts have commented on CMRE shares. ValuEngine lowered shares of Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, TheStreet downgraded shares of WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.08.
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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