Costamare (NYSE:CMRE) Issues Quarterly Earnings Results

Costamare (NYSE:CMRE) posted its earnings results on Wednesday. The shipping company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. Costamare had a net margin of 19.11% and a return on equity of 14.28%.

Costamare Stock Down 0.6 %

Shares of NYSE:CMRE traded down $0.07 during trading on Wednesday, reaching $11.62. 149,268 shares of the stock traded hands, compared to its average volume of 334,559. The stock has a market cap of $1.37 billion, a P/E ratio of 3.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The stock has a 50-day moving average of $12.62 and a two-hundred day moving average of $13.60. Costamare has a 52-week low of $10.29 and a 52-week high of $17.58.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s dividend payout ratio is presently 15.28%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 target price on shares of Costamare in a research report on Wednesday. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

About Costamare