Costamare (CMRE) Given Coverage Optimism Rating of 0.07

Media headlines about Costamare (NYSE:CMRE) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Costamare earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 44.7165550734178 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

CMRE opened at $7.01 on Friday. The company has a market cap of $765.46, a PE ratio of 9.10 and a beta of 1.99. Costamare has a one year low of $5.45 and a one year high of $8.18. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81.

Costamare (NYSE:CMRE) last released its earnings results on Tuesday, January 23rd. The shipping company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $99.20 million for the quarter, compared to analysts’ expectations of $97.52 million. Costamare had a return on equity of 7.28% and a net margin of 17.67%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. equities research analysts predict that Costamare will post 0.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Friday, April 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, April 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.71%. Costamare’s dividend payout ratio is 51.95%.

CMRE has been the topic of several analyst reports. Zacks Investment Research cut Costamare from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. ValuEngine cut Costamare from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.83.

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About Costamare

Costamare Inc owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU.

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