$0.24 EPS Expected for Costamare Inc (CMRE)

July 17, 2017 - By Henry Gaston

 $0.24 EPS Expected for Costamare Inc (CMRE)

Investors wait Costamare Inc (NYSE:CMRE) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.24 earnings per share, down $0.18 or 42.86 % from last year’s $0.42 same quarter earnings. This translates into $24.74M profit for CMRE giving the stock a 7.34 P/E. This is assuming the current $0.24 EPS is accurate. Costamare Inc’s Wall Street analysts see 4.35 % EPS growth, taking into account the $0.23 EPS reproted in the previous quarter, The stock decreased 1.19% or $0.09 during the last trading session, reaching $7.05. About 542,466 shares traded. Costamare Inc (NYSE:CMRE) has declined 13.83% since July 18, 2016 and is downtrending. It has underperformed by 30.53% the S&P500.

Costamare Inc (NYSE:CMRE) Ratings Coverage

Among 6 analysts covering Costamare (NYSE:CMRE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Costamare had 11 analyst reports since December 18, 2015 according to SRatingsIntel. The company was downgraded on Thursday, June 30 by Morgan Stanley. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, October 5 report. The stock has “Equal Weight” rating by Barclays Capital on Monday, January 11. The stock of Costamare Inc (NYSE:CMRE) earned “Neutral” rating by Credit Suisse on Monday, May 1. The rating was downgraded by Credit Suisse on Monday, January 30 to “Underperform”. The rating was maintained by Stifel Nicolaus on Thursday, May 25 with “Hold”. The firm has “Underweight” rating given on Friday, December 18 by JP Morgan. Morgan Stanley upgraded the shares of CMRE in report on Wednesday, February 1 to “Overweight” rating. Credit Suisse maintained the shares of CMRE in report on Friday, January 29 with “Neutral” rating.

Costamare Inc. is a holding company. The company has market cap of $726.81 million. The Firm is an international owner of containerships. It has a 11.41 P/E ratio. The Firm is engaged in chartering its vessels to various liner companies.

More important recent Costamare Inc (NYSE:CMRE) news were published by: Fool.com which released: “Why Costamare Inc. Stock Slumped 15% Today” on November 30, 2016, also Fool.com published article titled: “Why Costamare Inc. Stock Just Sank 9%”, Seekingalpha.com published: “Costamare: Sail Away With This Stock Now” on May 28, 2017. More interesting news about Costamare Inc (NYSE:CMRE) was released by: Seekingalpha.com and their article: “Costamare – Bears Roar! Why I’m Onboard And Buying More” with publication date: June 01, 2017.

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