Earnings Report: Here’s what to expect from Costamare (NYSE:CMRE)

Earnings results for Costamare (NYSE:CMRE)

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 25.44%. 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 25.4% from its current price of $10.73. 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 27.05% 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 -56.47, 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 -56.47, 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 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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