Earnings results for COSTAMARE INC/SH (NYSE:CMRE)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.24 and remained the same over the past month at 0.24. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has increased over the past week from 0.97 to 1(3.09%) and remained the same over the past month at 0.97 . Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.
COSTAMARE INC/SH last announced its earnings data on April 29th, 2020. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company earned $121 million during the quarter, compared to the consensus estimate of $123.80 million. Its revenue was up 7.1% on a year-over-year basis. COSTAMARE INC/SH has generated $0.91 earnings per share over the last year and currently has a price-to-earnings ratio of 6.0. COSTAMARE INC/SH has confirmed that its next quarterly earnings report will be published on Monday, July 27th, 2020.
Analyst Opinion on COSTAMARE INC/SH (NYSE:CMRE)
2 Wall Street analysts have issued ratings and price targets for COSTAMARE INC/SH in the last 12 months. Their average twelve-month price target is $7.75, suggesting that the stock has a possible upside of 49.61%. The high price target for CMRE is $8.00 and the low price target for CMRE is $7.50. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
COSTAMARE INC/SH has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $7.75, COSTAMARE INC/SH has a potential upside of 49.6% from its current price of $5.18. COSTAMARE INC/SH has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: COSTAMARE INC/SH (NYSE:CMRE)
COSTAMARE INC/SH is a leading dividend payer. It pays a dividend yield of 7.72%, putting its dividend yield in the top 25% of dividend-paying stocks. COSTAMARE INC/SH does not have a long track record of dividend growth. The dividend payout ratio of COSTAMARE INC/SH is 43.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COSTAMARE INC/SH will have a dividend payout ratio of 38.46% next year. This indicates that COSTAMARE INC/SH will be able to sustain or increase its dividend.
Insiders buying/selling: COSTAMARE INC/SH (NYSE:CMRE)
In the past three months, COSTAMARE INC/SH insiders have not sold or bought any company stock. Only 27.84% of the stock of COSTAMARE INC/SH is held by institutions.
Earnings and Valuation of COSTAMARE INC/SH (NYSE:CMRE
Earnings for COSTAMARE INC/SH are expected to grow by 4.00% in the coming year, from $1.00 to $1.04 per share. The P/E ratio of COSTAMARE INC/SH is 5.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.73. The P/E ratio of COSTAMARE INC/SH is 5.95, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.88. COSTAMARE INC/SH has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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