Costamare (NYSE:CMRE - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Costamare had a return on equity of 13.44% and a net margin of 15.27%. The firm had revenue of $440.54 million during the quarter, compared to the consensus estimate of $330.14 million. On average, analysts expect Costamare to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Costamare Price Performance
CMRE traded down $0.18 during trading on Friday, hitting $9.62. The company's stock had a trading volume of 401,805 shares, compared to its average volume of 441,733. The firm's 50 day moving average price is $9.08 and its two-hundred day moving average price is $9.78. The company has a quick ratio of 1.47, a current ratio of 1.55 and a debt-to-equity ratio of 0.63. Costamare has a 12 month low of $6.63 and a 12 month high of $15.96. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 3.94 and a beta of 1.20.
Costamare Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be given a $0.115 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.46 annualized dividend and a yield of 4.78%. Costamare's payout ratio is 18.85%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on Costamare in a research report on Thursday, May 15th. They issued a "hold" rating for the company.
Get Our Latest Stock Analysis on Costamare
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its position in Costamare by 13.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company's stock valued at $188,000 after buying an additional 2,267 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Costamare in the 1st quarter valued at $192,000. Jane Street Group LLC boosted its position in Costamare by 156.9% in the 1st quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company's stock valued at $1,978,000 after buying an additional 122,737 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Costamare by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company's stock valued at $4,721,000 after buying an additional 142,372 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Costamare in the 1st quarter valued at $6,075,000. 58.08% of the stock is currently owned by institutional investors.
About Costamare
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