News articles about Costamare (NYSE:CMRE) have been trending somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Costamare earned a news sentiment score of 0.02 on Alpha One’s scale. Alpha One also assigned media coverage about the shipping company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Investor Spotlight: Taking a Look at Costamare Inc. (NYSE:CMRE) – Business Daily (oxfordbusinessdaily.com)
- Costamare Inc. (NYSE:CMRE) Quant Investor Update – DARC News (darcnews.com)
- Short Interest in Costamare Inc (CMRE) Grows By 58.2% (americanbankingnews.com)
- Magic Formula Update on Costamare Inc. (NYSE:CMRE) – Concord Register (concordregister.com)
- Costamare Inc. (NYSE:CMRE) By The Numbers: Valuation in Focus – Geneva Journal (genevajournal.com)
Costamare (NYSE:CMRE) traded up 4.70% on Friday, hitting $7.79. 1,248,733 shares of the company’s stock traded hands. Costamare has a one year low of $5.07 and a one year high of $10.45. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $6.37. The stock has a market cap of $713.48 million, a PE ratio of 12.98 and a beta of 1.96.
Costamare (NYSE:CMRE) last released its earnings results on Thursday, April 27th. The shipping company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $105.52 million during the quarter, compared to analysts’ expectations of $103.41 million. Costamare had a net margin of 17.45% and a return on equity of 12.74%. The company’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, equities analysts forecast that Costamare will post $0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Friday, April 21st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.38%. Costamare’s dividend payout ratio is currently 48.78%.
CMRE has been the subject of a number of analyst reports. Zacks Investment Research lowered Costamare from a “hold” rating to a “strong sell” rating in a research note on Friday, February 24th. Morgan Stanley upgraded Costamare from an “equal weight” rating to an “overweight” rating and set a $7.00 price target for the company in a research note on Wednesday, February 1st. Credit Suisse Group AG downgraded shares of Costamare from a “neutral” rating to an “underperform” rating and set a $5.00 price objective for the company. in a report on Monday, January 30th. TheStreet downgraded shares of Costamare from a “c” rating to a “d+” rating in a report on Friday, January 27th. Finally, Citigroup Inc assumed coverage on shares of Costamare in a report on Tuesday, February 7th. They set a “neutral” rating and a $5.50 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Costamare currently has an average rating of “Hold” and a consensus price target of $8.92.
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Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.
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