Costamare Inc. (NYSE:CMRE) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.22 per share.
For the full year, analysts predict revenues of $ 473.47 million, while looking forward to income of $ 1.01 per share.
Previous Quarter Performance
Costamare Inc. announced income for the second quarter of $ 0.26 per share, from the revenue of $ 111.87 million. The consensus estimates are income of $ 0.21 per share from $ 120.41 million in revenue. The bottom line results beat street analysts by $ 0.05 or 23.81 percent, at the same time, top line results fell short of analysts by $ 8.54 million or 7.09 percent.
Stock Performance
Shares of Costamare Inc. traded up $ 0.09 or 1.32 percent on Friday, reaching $ 6.91 with volume of 506.80 thousand shares. Costamare Inc. has traded high as $ 7.05 and has cracked $ 6.81 on the downward trend
According to the previous trading day, closing price of $ 6.91, representing a 115.82 % increase from the 52 week low of $ 3.16 and a 37.14 % decrease over the 52 week high of $ 10.85.
The company has a market capital of $ 854.18 million and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 9.50 target price.
Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.
