Costamare (NYSE:CMRE - Get Free Report) announced its quarterly earnings data on Thursday. The shipping company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.15, Briefing.com reports. Costamare had a return on equity of 16.42% and a net margin of 39.93%.During the same quarter last year, the firm posted $0.63 EPS. Costamare's revenue was up 5.6% compared to the same quarter last year.
Costamare Price Performance
CMRE stock traded up $0.15 during midday trading on Thursday, reaching $17.42. 641,284 shares of the company's stock traded hands, compared to its average volume of 462,902. The company has a 50-day simple moving average of $16.97 and a two-hundred day simple moving average of $15.82. Costamare has a 1-year low of $7.41 and a 1-year high of $18.06. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 6.50 and a beta of 1.10. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.56.
Costamare Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Monday, April 20th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, April 20th. Costamare's dividend payout ratio (DPR) is currently 17.16%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Costamare from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings cut Costamare from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, March 5th. Finally, Fearnley Fonds raised Costamare from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.00.
Check Out Our Latest Stock Analysis on CMRE
Institutional Investors Weigh In On Costamare
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in Costamare by 30.5% during the 4th quarter. Mackenzie Financial Corp now owns 79,199 shares of the shipping company's stock valued at $1,249,000 after purchasing an additional 18,512 shares in the last quarter. Empowered Funds LLC increased its holdings in Costamare by 1.9% during the 4th quarter. Empowered Funds LLC now owns 599,006 shares of the shipping company's stock valued at $9,458,000 after purchasing an additional 11,037 shares in the last quarter. VestGen Advisors LLC acquired a new stake in Costamare during the 4th quarter valued at $5,455,000. Susquehanna Fundamental Investments LLC acquired a new stake in Costamare during the 4th quarter valued at $1,185,000. Finally, Millennium Management LLC increased its holdings in Costamare by 276.5% during the 4th quarter. Millennium Management LLC now owns 67,702 shares of the shipping company's stock valued at $1,069,000 after purchasing an additional 49,721 shares in the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.
Costamare Company Profile
(
Get Free Report)
Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.
Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.
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