Costamare (NYSE:CMRE) Issues Quarterly Earnings Results

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

Costamare Price Performance

Shares of Costamare stock traded up $0.01 on Wednesday, hitting $11.70. 166,072 shares of the company traded hands, compared to its average volume of 335,160. The business has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $13.60. Costamare has a 52 week low of $10.29 and a 52 week high of $17.58. The stock has a market capitalization of $1.38 billion, a P/E ratio of 3.89 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.

Costamare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be paid a $0.115 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.93%. Costamare’s payout ratio is presently 15.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CMRE shares. Jefferies Financial Group restated a “hold” rating and issued a $13.00 price objective on shares of Costamare in a report on Wednesday. StockNews.com cut shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

About Costamare