$0.24 EPS Expected for Costamare Inc (CMRE)

July 17, 2017 - By Dolores Ford

 $0.24 EPS Expected for Costamare Inc (CMRE)

Analysts await Costamare Inc (NYSE:CMRE) to report earnings on July, 26. They expect $0.24 EPS, down 42.86 % or $0.18 from last year’s $0.42 per share. CMRE’s profit will be $24.74M for 7.34 P/E if the $0.24 EPS becomes a reality. After $0.23 actual EPS reported by Costamare Inc for the previous quarter, Wall Street now forecasts 4.35 % EPS growth. 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. On Monday, January 30 the stock rating was downgraded by Credit Suisse to “Underperform”. The rating was reinitiated by Barclays Capital on Monday, January 11 with “Equal Weight”. The stock of Costamare Inc (NYSE:CMRE) earned “Hold” rating by Stifel Nicolaus on Thursday, May 25. The firm earned “Underweight” rating on Friday, December 18 by JP Morgan. The firm earned “Equal-Weight” rating on Thursday, June 30 by Morgan Stanley. The firm has “Neutral” rating given on Monday, May 1 by Credit Suisse. The stock of Costamare Inc (NYSE:CMRE) has “Neutral” rating given on Friday, January 29 by Credit Suisse. The company was upgraded on Wednesday, February 1 by Morgan Stanley. JP Morgan upgraded the shares of CMRE in report on Wednesday, October 5 to “Overweight” 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: Seekingalpha.com which released: “Costamare: Sail Away With This Stock Now” on May 28, 2017, also Fool.com published article titled: “Why Costamare Inc. Stock Just Sank 9%”, Fool.com published: “Why Costamare Inc. Stock Slumped 15% Today” on November 30, 2016. 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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