Costamare Inc. [CMRE] shares are down more than -13.49% this year and recently increased 0.01% or $0.1 to settle at $7.09. CMRE has a short ratio of 2.82. This implies that the market is currently less bullish on the outlook for CMRE.

On 28, October 2020, Costamare, Inc. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / October 28, 2020/ Costamare, Inc. (NYSE: CMRE) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 28, 2020 at 8:30 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Costamare Inc. [NYSE:CMRE] stock was on July 22, 2020, when it was Upgrade with a Buy rating from Stifel, which also raised its 12-month price target on the stock from $6.50 to $8. Before that, on September 28, 2020, Citigroup Recapitulated a Buy rating and elevated its amount target to $6.50. On November 01, 2019, Citigroup Downgrade a Sell rating and boosted its price target on this stock from $6.50 to $7.50. On September 28, 2018, Wells Fargo Downgrade a Market perform rating. On May 01, 2017, Credit Suisse Upgrade a Neutral rating. On February 13, 2017, Wells Fargo Upgrade an Outperform rating. On February 13, 2017, Stifel Upgrade a Hold rating and boosted its target amount on this stock to $5.50. On February 07, 2017, Citigroup Initiated a Neutral rating and improved its amount target to $5.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.16 and a peak of $10.85. Right now, the middling Wall Street analyst 12-month amount mark is $9.50. At the most recent market close, shares of Costamare Inc. [NYSE:CMRE] were valued at $7.09. According to the average price forecast, investors can expect a potential return of 7.89%.

FUNDAMENTAL ANALYSIS

Costamare Inc. [NYSE:CMRE] most recently reported quarterly sales of 107.9 billion, which represented growth of -12.70%. This publicly-traded organization’s revenue is $259,842 per employee, while its income is $53,804 per employee. This company’s Gross Margin is currently 72.40%, its Operating Margin is 15.40%, its Pretax Margin is +18.33, and its Net Margin is +20.71. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.27, 7.15, 6.64 and 3.56 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 52.41 and the whole liability to whole assets at 51.59. It shows enduring liability to the whole principal at 44.74 and enduring liability to assets at 0.44 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.80 points at 1st support level, the second support level is making up to 6.61. But as of 1st resistance point, this stock is sitting at 7.09 and at 7.19 for 2nd resistance point.

Costamare Inc. [CMRE] reported its earnings at $0.22 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.22/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.26 calling estimates for $0.21/share with the difference of 0.05 depicting the surprise of 23.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Costamare Inc. [NYSE:CMRE] is 0.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.58. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.31 and it’s amount to book ratio is 0.80.