Costamare Inc. (NYSE:CMRE) Given Price Target Of $9.833


As per Costamare Inc. (NYSE:CMRE)’s news release on 2016-07-06, its shareholders will get cash dividend of $0.29 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-03 and 2016-08-17, respectively.

The stock will commence trading ex-dividend from 2016-08-01, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Costamare Inc. (NYSE:CMRE) disbursed $0.29 in dividend compared to distribution of $0.29, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 3.6036%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Costamare Inc. (NYSE:CMRE) to attain a price target of $9.833. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $11. The low price range is set at $7.5 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Costamare Inc. (NYSE:CMRE) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.39 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Costamare Inc. (NYSE:CMRE) earnings came at $0.42 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.41 for the quarter.

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