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NYSE:CMRE

Costamare - CMRE Stock Forecast, Price & News

$11.63
+0.02 (+0.17%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.51
$11.73
50-Day Range
$10.41
$14.58
52-Week Range
$10.24
$18.01
Volume
440,392 shs
Average Volume
923,016 shs
Market Capitalization
$1.44 billion
P/E Ratio
2.94
Dividend Yield
3.96%
Price Target
$17.67

Costamare MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
51.9% Upside
$17.67 Price Target
Short Interest
Bearish
5.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Costamare in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.01%
From $3.87 to $4.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Transportation Sector

16th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th out of 31 stocks

CMRE stock logo

About Costamare (NYSE:CMRE) Stock

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.

Costamare Trading Up 0.3 %

CMRE traded up $0.03 on Tuesday, hitting $11.64. The company had a trading volume of 6,193 shares, compared to its average volume of 622,987. The company's fifty day moving average price is $12.01 and its 200 day moving average price is $13.70. Costamare has a 1 year low of $10.24 and a 1 year high of $18.01. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1.44 billion, a P/E ratio of 2.93 and a beta of 1.41.

Costamare Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Thursday, July 21st were given a dividend of $0.115 per share. The ex-dividend date was Wednesday, July 20th. This represents a $0.46 annualized dividend and a dividend yield of 3.95%. Costamare's dividend payout ratio is currently 11.62%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMRE shares. Stifel Nicolaus cut their target price on Costamare from $16.00 to $15.00 in a research note on Tuesday, July 19th. StockNews.com raised shares of Costamare from a "hold" rating to a "buy" rating in a research note on Friday, July 8th. Finally, Jefferies Financial Group started coverage on shares of Costamare in a research note on Wednesday, July 20th. They issued a "buy" rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $17.67.

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CMRE Stock News Headlines

Analysts Anticipate CVY To Hit $26 - Nasdaq
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CMRE Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 8/8 Dividend
7/20/2022
Dividend Payable
8/08/2022
Today
8/09/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
2,750
Year Founded
1974

Price Target and Rating

Average Stock Price Forecast
$17.67
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+51.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$435.12 million
Pretax Margin
49.23%

Debt

Sales & Book Value

Annual Sales
$793.64 million
Cash Flow
$3.88 per share
Book Value
$13.98 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.44 billion
Optionable
Optionable
Beta
1.41

Social Links















CMRE Stock - Frequently Asked Questions

Should I buy or sell Costamare stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMRE shares.
View CMRE analyst ratings
or view top-rated stocks.

What is Costamare's stock price forecast for 2022?

4 brokers have issued twelve-month price objectives for Costamare's shares. Their CMRE share price forecasts range from $15.00 to $19.00. On average, they anticipate the company's stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price.
View analysts price targets for CMRE
or view top-rated stocks among Wall Street analysts.

How has Costamare's stock price performed in 2022?

Costamare's stock was trading at $12.65 at the start of the year. Since then, CMRE shares have decreased by 8.6% and is now trading at $11.56.
View the best growth stocks for 2022 here
.

Are investors shorting Costamare?

Costamare saw a increase in short interest in July. As of July 15th, there was short interest totaling 2,700,000 shares, an increase of 45.2% from the June 30th total of 1,860,000 shares. Based on an average trading volume of 930,600 shares, the short-interest ratio is presently 2.9 days. Approximately 5.6% of the shares of the stock are short sold.
View Costamare's Short Interest
.

When is Costamare's next earnings date?

Costamare is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CMRE earnings forecast
.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) announced its earnings results on Tuesday, October, 26th. The shipping company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.10. The shipping company earned $216.23 million during the quarter, compared to analysts' expectations of $228.60 million. Costamare had a net margin of 49.23% and a trailing twelve-month return on equity of 25.50%. During the same quarter last year, the firm posted $0.22 earnings per share.

How often does Costamare pay dividends? What is the dividend yield for Costamare?

Costamare declared a quarterly dividend on Friday, July 1st. Shareholders of record on Thursday, July 21st will be paid a dividend of $0.115 per share on Monday, August 8th. This represents a $0.46 annualized dividend and a yield of 3.98%. The ex-dividend date is Wednesday, July 20th.
Read our dividend analysis for CMRE
.

Is Costamare a good dividend stock?

Costamare (NYSE:CMRE) pays an annual dividend of $0.46 per share and currently has a dividend yield of 4.00%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 11.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

What other stocks do shareholders of Costamare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Costamare investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), AT&T (T), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Textainer Group (TGH), Energy Transfer (ET), AGNC Investment (AGNC) and DHT (DHT).

What is Costamare's stock symbol?

Costamare trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

Who are Costamare's major shareholders?

Costamare's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Denali Advisors LLC (0.25%), Horizon Kinetics Asset Management LLC (0.18%), Commonwealth Equity Services LLC (0.12%), State Board of Administration of Florida Retirement System (0.09%), Los Angeles Capital Management LLC (0.06%) and Kendall Capital Management (0.04%).

How do I buy shares of Costamare?

Shares of CMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Costamare's stock price today?

One share of CMRE stock can currently be purchased for approximately $11.56.

How much money does Costamare make?

Costamare (NYSE:CMRE) has a market capitalization of $1.43 billion and generates $793.64 million in revenue each year. The shipping company earns $435.12 million in net income (profit) each year or $3.96 on an earnings per share basis.

How many employees does Costamare have?

Costamare employs 2,750 workers across the globe.

When was Costamare founded?

Costamare was founded in 1974.

How can I contact Costamare?

Costamare's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The official website for the company is www.costamare.com. The shipping company can be reached via phone at (779) 325-0940, via email at ir@costamare.com, or via fax at 377-9325-0942.

This page (NYSE:CMRE) was last updated on 8/9/2022 by MarketBeat.com Staff

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