$0.24 EPS Expected for Costamare Inc (CMRE)

July 17, 2017 - By Kurt Siggers

 $0.24 EPS Expected for Costamare Inc (CMRE)

Wall Street await Costamare Inc (NYSE:CMRE) to release earnings on July, 26. Analysts forecast EPS of $0.24, down exactly $0.18 or 42.86 % from 2014’s $0.42 EPS. The expected CMRE’s profit could reach $24.74M giving the stock 7.34 P/E in the case that $0.24 earnings per share is reported. After posting $0.23 EPS for the previous quarter, Costamare Inc’s analysts now forecast 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. Credit Suisse maintained Costamare Inc (NYSE:CMRE) on Friday, January 29 with “Neutral” rating. Morgan Stanley downgraded the shares of CMRE in report on Thursday, June 30 to “Equal-Weight” rating. As per Wednesday, February 1, the company rating was upgraded by Morgan Stanley. The firm has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. Credit Suisse upgraded Costamare Inc (NYSE:CMRE) on Monday, May 1 to “Neutral” rating. On Thursday, May 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. JP Morgan upgraded the shares of CMRE in report on Wednesday, October 5 to “Overweight” rating. The stock of Costamare Inc (NYSE:CMRE) has “Underperform” rating given on Monday, January 30 by Credit Suisse. The company was initiated on Friday, December 18 by JP Morgan.

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 Just Sank 9%” on May 25, 2017, also Fool.com published article titled: “Why Costamare Inc. Stock Slumped 15% Today”, 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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