Costamare Inc. (CMRE) Downgraded by BidaskClub

BidaskClub lowered shares of Costamare Inc. (NYSE:CMRE) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Costamare from a sell rating to a hold rating in a research report on Tuesday, September 5th. ValuEngine downgraded Costamare from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a hold rating and set a $7.00 price objective on shares of Costamare in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $7.21.

Costamare (NYSE:CMRE) opened at 6.10 on Friday. The company has a market capitalization of $646.54 million, a PE ratio of 15.21 and a beta of 2.17. Costamare has a 12-month low of $5.07 and a 12-month high of $8.18. The stock has a 50 day moving average of $6.16 and a 200-day moving average of $6.70.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, July 25th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $104.10 million during the quarter, compared to the consensus estimate of $104.23 million. Costamare had a return on equity of 8.94% and a net margin of 12.70%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. Equities analysts expect that Costamare will post $0.81 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Costamare Inc. (CMRE) Downgraded by BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/costamare-inc-cmre-downgraded-by-bidaskclub.html.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 23rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Friday, October 20th. Costamare’s dividend payout ratio is currently 105.27%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMRE. JPMorgan Chase & Co. grew its position in Costamare by 15,719.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,601,704 shares of the shipping company’s stock valued at $19,019,000 after acquiring an additional 2,585,258 shares in the last quarter. Q Global Advisors LLC acquired a new position in Costamare in the 2nd quarter valued at about $7,227,000. Chiron Investment Management LLC acquired a new position in Costamare in the 2nd quarter valued at about $6,850,000. Dimensional Fund Advisors LP acquired a new position in Costamare in the 2nd quarter valued at about $6,356,000. Finally, Thrivent Financial For Lutherans grew its position in Costamare by 199,200.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 398,600 shares of the shipping company’s stock valued at $2,913,000 after acquiring an additional 398,400 shares in the last quarter. 26.95% of

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Costamare from a sell rating to a hold rating in a research report on Tuesday, September 5th. ValuEngine downgraded Costamare from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a hold rating and set a $7.00 price objective on shares of Costamare in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $7.21.

Costamare (NYSE:CMRE) opened at 6.10 on Friday. The company has a market capitalization of $646.54 million, a PE ratio of 15.21 and a beta of 2.17. Costamare has a 12-month low of $5.07 and a 12-month high of $8.18. The stock has a 50 day moving average of $6.16 and a 200-day moving average of $6.70.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, July 25th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $104.10 million during the quarter, compared to the consensus estimate of $104.23 million. Costamare had a return on equity of 8.94% and a net margin of 12.70%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. Equities analysts expect that Costamare will post $0.81 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Costamare Inc. (CMRE) Downgraded by BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/costamare-inc-cmre-downgraded-by-bidaskclub.html.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 23rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Friday, October 20th. Costamare’s dividend payout ratio is currently 105.27%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMRE. JPMorgan Chase & Co. grew its position in Costamare by 15,719.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,601,704 shares of the shipping company’s stock valued at $19,019,000 after acquiring an additional 2,585,258 shares in the last quarter. Q Global Advisors LLC acquired a new position in Costamare in the 2nd quarter valued at about $7,227,000. Chiron Investment Management LLC acquired a new position in Costamare in the 2nd quarter valued at about $6,850,000. Dimensional Fund Advisors LP acquired a new position in Costamare in the 2nd quarter valued at about $6,356,000. Finally, Thrivent Financial For Lutherans grew its position in Costamare by 199,200.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 398,600 shares of the shipping company’s stock valued at $2,913,000 after acquiring an additional 398,400 shares in the last quarter. 26.95% of the stock is owned by institutional investors.

Costamare Company Profile

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.

Analyst Recommendations for Costamare (NYSE:CMRE)

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