In last trading session, Costamare Inc. (NYSE:CMRE) saw 1,095,336 shares changing hands with its beta currently measuring 1.85. Company’s recent per share price level of $5.94 trading at $0.38 or 6.83% at ring of the bell on the day assigns it a market valuation of $734.27 Million. That closing price of CMRE’s stock is at a discount of -82.66% from its 52-week high price of $10.85 and is indicating a premium of 46.8% from its 52-week low price of $3.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 742.72 Million shares which gives us an average trading volume of 767.66 Million if we extend that period to 3-months.
For Costamare Inc. (CMRE), analysts’ consensus is at an average recommendation of Underweight while assigning it a mean rating of 2.7. Splitting up the data highlights that, out of 3 analysts covering the stock, 2 rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.2 in the current quarter.
Costamare Inc. (NYSE:CMRE) trade information
Upright in the green today for gaining 6.83%, in the last five days CMRE remained trading in the green while hitting it’s week-highest on Wednesday, Sep 16 when the stock touched $5.96-0 price level, adding 0.34% to its value on the day. Costamare Inc.’s shares saw a change of -37.67% in year-to-date performance and have moved 18.56% in past 5-day. Costamare Inc. (NYSE:CMRE) showed a performance of 9.39% in past 30-days. Number of shares sold short was 1.89 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.33 to the stock, which implies a rise of 23.4% to its current value. Analysts have been projecting $4 as a low price target for the stock while placing it at a high target of $10. It follows that stock’s current price would jump +68.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.66% for stock’s current value.
Costamare Inc. (CMRE) estimates and forecasts
Statistics highlight that Costamare Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +65% of value to its shares in past 6 months, showing an annual growth rate of 13.19% while that of industry is 4.9. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -23.1% in the current quarter and calculating -28.1% decline in the next quarter. This year revenue growth is estimated to drop -1% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $115.29 Million for the same. And 2 analysts are in estimates of company making revenue of $124.61 Million in the next quarter that will end in December 01, 2020. Company posted $123.63 Million and $124.47 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -6.7% while estimating it to be 0.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 75.8% while estimates for its earnings growth in next 5 years are of 0%
Costamare Inc. is more likely to be releasing its next quarterly report between October 21 and October 26, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 7.22%, the share has a forward dividend of 0.4 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 8.84%.
Costamare Inc. (NYSE:CMRE)’s Major holders
Insiders are in possession of 58.78% of company’s total shares while institution are holding 29.12% percent of that, with stock having share float percentage of 70.65%. Investors also watch the number of corporate investors in a company very closely, which is 172 institutions for Costamare Inc. that are currently holding shares of the company. Dimensional Fund Advisors LP is the top institutional holder at CMRE for having 5.52 Million shares of worth $30.7 Million. And as of June 29, 2020, it was holding 4.55% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 3.43 Million shares on June 29, 2020. The number of shares represents firm’s hold over 2.83% of outstanding shares, having a total worth of $19.07 Million.
On the other hand, DFA U.S. Small Cap Value Series and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 1598630 shares of worth $8.03 Million or 1.32% of the total outstanding shares. The later fund manager was in possession of 1.1 Million shares on June 29, 2020, making its stake of worth around $6.13 Million in the company or a holder of 0.91% of company’s stock.