NYSE:CMRE

Costamare (CMRE) Stock Price, News & Analysis

$11.18
+0.26 (+2.38%)
(As of 04/22/2024 ET)
Today's Range
$10.95
$11.28
50-Day Range
$10.68
$11.55
52-Week Range
$7.71
$11.85
Volume
342,828 shs
Average Volume
429,769 shs
Market Capitalization
$1.32 billion
P/E Ratio
3.79
Dividend Yield
4.11%
Price Target
$11.00

Costamare MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.7% Downside
$11.00 Price Target
Short Interest
Healthy
2.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of Costamare in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.59%
From $2.73 to $2.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.61 out of 5 stars

Transportation Sector

76th out of 111 stocks

Deep Sea Foreign Transportation Of Freight Industry

21st out of 26 stocks

CMRE stock logo

About Costamare Stock (NYSE:CMRE)

Costamare Inc. engages in owning and chartering containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 21, 2023, it had a fleet of fleet of 71 containerships and 45 dry bulk vessels. The company was founded in 1974 and is based in Monaco.

CMRE Stock Price History

CMRE Stock News Headlines

Costamare (NYSE:CMRE) PT Raised to $12.00 at Stifel Nicolaus
Costamare Inc. (NYSE:CMRE) Short Interest Update
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
StockNews.com Upgrades Costamare (NYSE:CMRE) to "Buy"
Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Costamare Inc.
CMRE Mar 2024 12.000 put
CMRE Jun 2024 15.000 call
CMRE Jun 2024 8.000 put
CMRE Feb 2024 9.000 call
Stifel Nicolaus Reaffirms Their Hold Rating on Costamare (CMRE)
Costamare is about to announce its earnings — here's what to expect
Costamare (CMRE) Beats Q4 Earnings and Revenue Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 2/7 Dividend
1/19/2024
Last Earnings
2/07/2024
Dividend Payable
2/07/2024
Ex-Dividend for 5/6 Dividend
4/18/2024
Today
4/22/2024
Dividend Payable
5/06/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
2,700
Year Founded
1974

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$12.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$385.75 million
Pretax Margin
25.21%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$4.18 per share
Book Value
$20.73 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.38

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CMRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Costamare stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMRE, but not buy additional shares or sell existing shares.
View CMRE analyst ratings
or view top-rated stocks.

What is Costamare's stock price target for 2024?

3 brokerages have issued 1-year price objectives for Costamare's stock. Their CMRE share price targets range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for CMRE
or view top-rated stocks among Wall Street analysts.

How have CMRE shares performed in 2024?

Costamare's stock was trading at $10.41 at the beginning of 2024. Since then, CMRE stock has increased by 7.4% and is now trading at $11.1850.
View the best growth stocks for 2024 here
.

Are investors shorting Costamare?

Costamare saw a decline in short interest in March. As of March 31st, there was short interest totaling 1,270,000 shares, a decline of 6.6% from the March 15th total of 1,360,000 shares. Based on an average daily volume of 441,300 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.8% of the shares of the stock are sold short.
View Costamare's Short Interest
.

When is Costamare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our CMRE earnings forecast
.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) released its earnings results on Wednesday, February, 7th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The shipping company had revenue of $494.85 million for the quarter, compared to analyst estimates of $419 million. Costamare had a trailing twelve-month return on equity of 11.37% and a net margin of 25.26%. During the same quarter in the previous year, the business earned $0.61 earnings per share.

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

Costamare declared a quarterly dividend on Tuesday, April 2nd. Stockholders of record on Friday, April 19th will be paid a dividend of $0.115 per share on Monday, May 6th. This represents a $0.46 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 18th.
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 4.21%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 18.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

What ETFs hold Costamare's stock?

ETFs with the largest weight of Costamare (NYSE:CMRE) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).Roundhill Acquirers Deep Value ETF (DEEP).

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).

Who are Costamare's major shareholders?

Costamare's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.19%), Allspring Global Investments Holdings LLC (0.03%), DGS Capital Management LLC (0.02%) and Ballentine Partners LLC (0.01%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CMRE) was last updated on 4/22/2024 by MarketBeat.com Staff

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