Costamare Posts 74c Adjusted EPS for Third Quarter
CMRE sits 25% above its 52-week low of $11.45.
Summary
Costamare reported third-quarter net income of $88.5M and earnings of 73 cents per share, its first quarterly print since the July 27 second-quarter release. The headline carries the EPS figure only — no revenue, fleet, charter-rate or guidance detail — so the number lands without a comparison base in this report. At a share price around $14.36, the print is the main fundamental datapoint for the quarter and will be measured against prior periods and charter-market conditions. The company also declared its regular quarterly dividends on preferred and common stock on October 1, payable in October and November.
At the time of this announcement, CMRE was trading at $14.36 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $11.45 to $18.06. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.