Costamare Inc (NYSE: CMRE) has reported earnings for its second fiscal quarter (ending June 30) of $0.77 versus $0.52 for the same period a year ago. E.P.S. were $2.83 for the latest four quarters through June 30 versus $4.09 for the same period a year ago.
Recent Price Action
Costamare Inc (NYSE: CMRE) stock closed at $14.82 on 7/31/24 after a very large increase of 6.1%. Trading volume in this advance was normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Costamare has a very high Appreciation Score of 96 and a very high Power Rating of 99, producing 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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