Earnings and Growth Analysis : Costamare (NYSE:CMRE)

Earnings results for Costamare (NYSE:CMRE)

Costamare Inc. is estimated to report earnings on 05/26/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.3. The reported EPS for the same quarter last year was $0.27.

Analyst Opinion on Costamare (NYSE:CMRE)

2 Wall Street analysts have issued ratings and price targets for Costamare in the last 12 months. Their average twelve-month price target is $8.00, predicting that the stock has a possible downside of 22.03%. The high price target for CMRE is $9.50 and the low price target for CMRE is $6.50. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Costamare has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $8.00, Costamare has a forecasted downside of 22.0% from its current price of $10.26. Costamare has received no research coverage in the past 90 days.

Dividend Strength: Costamare (NYSE:CMRE)

Costamare pays a meaningful dividend of 3.73%, higher than the bottom 25% of all stocks that pay dividends. Costamare has only been increasing its dividend for 1 years. The dividend payout ratio of Costamare is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Costamare will have a dividend payout ratio of 20.83% next year. This indicates that Costamare will be able to sustain or increase its dividend.

Insiders buying/selling: Costamare (NYSE:CMRE)

In the past three months, Costamare insiders have not sold or bought any company stock. Only 25.84% of the stock of Costamare is held by institutions.

Earnings and Valuation of Costamare (NYSE:CMRE

Earnings for Costamare are expected to grow by 6.67% in the coming year, from $1.80 to $1.92 per share. The P/E ratio of Costamare is -54.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Costamare is -54.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Costamare has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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