What You Need To Know About Costamare Inc. (CMRE)

Costamare Inc. (NYSE:CMRE) finished Friday with a subtraction of -$0.03 to close at $14.39, a downside of -0.21 percent. An average of 634,000 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 43 times over the past 12 months. The last 20 days have seen an average of 657,290 shares traded, while the 50-day average volume stands at 766,362.

CMRE stock has decreased by -8.75% in the last month. The company shares reached their 1-month lowest point of $13.77 on 10/18/21. With the stock rallying to its 52-week high on 09/16/21, shares of the company touched a low of $5.50 and a high of $16.72 in 52 weeks. It has reached a new high 35 times so far this year and achieved 73.79% or $6.11 in price. In spite of this, the price is down -13.94% from the 52-week high.


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Valuation Metrics

Costamare Inc. (CMRE) has a trailing price-to-earnings (P/E) ratio of 9.78, which compares with the 18.35 for the broader industry and 29.83 for the sector. In the last five years, Costamare Inc.’s PE ratio has ranged between 123.20 and 3.815. The stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.42, the price-to-book (PB) ratio at 1.20.

Costamare Inc. pays a $0.46 dividend per share annually. It offers a dividend yield of 3.20%. The company has a payout ratio of 27.20%. The company’s most recent quarterly dividend payment was $0.1150 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.0150 reported on Thursday July 1 2021.

The quick ratio of Costamare Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.41 and a total debt to equity ratio of 1.56 for the quarter ending June 29. Costamare Inc.’s EBITDA margin for the year ending June 29 is 64.47%, while its operating margin for the same period stands at 40.70%. Its gross profit as reported stood at $60.33 million compared to revenue of $460.32 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Costamare Inc.’s return on assets was 5.30%. For the broader industry, ROE averaged 13.58 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Costamare Inc. had $1.31 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$21.59 million in the quarter, while revenues were grew 413.71%. The analyst consensus anticipated Costamare Inc.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.47, a 9.30% surprise. For the quarter, EBITDA amounted to $116.24 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Costamare Inc. (CMRE) price momentum. RSI 9-day as of the close on 22 October was 42.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.03%.

As of today, CMRE’s price is $14.42 +3.23% or $0.45 from its 5-day moving average. CMRE is currently trading -8.69% lower than its 20-day SMA and +29.64% higher than its 100-day SMA. However, the stock’s current price level is +19.02% above the SMA50 and +67.91% above the SMA200.

The stochastic %K and %D were 33.75% and 30.95%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 40.75% and the average true range at 0.60, the RSI (14) stands at 45.91%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Citigroup upgraded Costamare Inc. (NYSE: CMRE) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Costamare Inc. (CMRE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CMRE, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is CMRE’s price target for the next 12 months?

Analysts predict a range of price targets between $17.00 and $19.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Costamare Inc. (CMRE) stock is $18.00.

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