Costamare Inc (NYSE: CMRE) has reported earnings for its first fiscal quarter (ending March 31) of $0.79 versus $1.16 for the same period a year ago — a decline of -32%. E.P.S. were $2.58 for the latest four quarters through March 31 versus $4.50 for the same period a year ago — a decline of -43%.
Recent Price Action
On 5/10/24, Costamare Inc (NYSE: CMRE) stock declined slightly by -0.4%, closing at $13.37. Moreover, exceptionally high trading volume at 429% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 8.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CMRE is expected to continue to be a Value Builder.
Costamare has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Costamare has a very high Power Rating of 89 and a very high Appreciation Score of 96, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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