Costamare Company Profile (NYSE:CMRE)

About Costamare

Costamare logoCostamare Inc. (Costamare) is an international owner of containerships. The Company provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The Company has a fleet of approximately 70 containerships with a total capacity of over 467,000 20-foot equivalent unit (TEU), including approximately 10 newbuilds on order. The Company's fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, VALOR, VALIANT and MAERSK KOBE, among others. The Company has approximately 90 subsidiaries.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: CMRE
  • CUSIP:
Key Metrics:
  • Previous Close: $6.07
  • 50 Day Moving Average: $5.87
  • 200 Day Moving Average: $7.13
  • 52-Week Range: $5.07 - $11.00
  • Trailing P/E Ratio: 7.73
  • Foreward P/E Ratio: 7.49
  • P/E Growth: -0.71
  • Market Cap: $494.69M
  • Outstanding Shares: 81,498,000
  • Beta: 1.96
Profitability:
  • Net Margins: 17.45%
  • Return on Equity: 12.74%
  • Return on Assets: 4.98%
Debt:
  • Debt-to-Equity Ratio: 1.11%
  • Current Ratio: 0.75%
  • Quick Ratio: 0.71%
Additional Links:
Companies Related to Costamare:

Analyst Ratings

Consensus Ratings for Costamare (NYSE:CMRE) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $7.86 (29.44% upside)

Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
DateFirmActionRatingPrice TargetDetails
2/13/2017Wells Fargo & CompanyUpgradeMarket Perform -> Outperform$9.00View Rating Details
2/13/2017Stifel NicolausUpgradeSell -> Hold$5.50View Rating Details
2/7/2017Citigroup Inc.Initiated CoverageNeutral$5.50View Rating Details
2/1/2017Morgan StanleyUpgradeEqual Weight -> Overweight$7.00View Rating Details
1/30/2017Credit Suisse GroupDowngradeNeutral -> Underperform$5.00View Rating Details
10/5/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$12.00 -> $13.00View Rating Details
10/3/2016Barclays PLCLower Price TargetEqual Weight$11.00 -> $10.00View Rating Details
6/17/2016Clarkson CapitalDowngradeBuy -> NeutralView Rating Details
4/20/2015Bank of America CorpDowngradeNeutral -> UnderperformView Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Costamare (NYSE:CMRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/18/2017        
1/26/2017Q416$0.26$0.28$110.51 million$110.13 millionViewN/AView Earnings Details
10/24/2016Q316$0.35$0.37$114.20 million$115.50 millionViewN/AView Earnings Details
7/27/2016Q2$0.40$0.42$119.37 million$117.90 millionViewN/AView Earnings Details
4/20/2016Q116$0.39$0.45$121.06 million$120.27 millionViewN/AView Earnings Details
1/27/2016Q415$0.38$0.44$124.87 million$122.28 millionViewListenView Earnings Details
10/21/2015Q315$0.39$0.46$123.61 million$124.00 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.46$121.39 million$123.20 millionViewListenView Earnings Details
4/28/2015Q115$0.33$0.38$119.33 million$120.90 millionViewN/AView Earnings Details
2/4/2015Q414$0.37$0.41$120.50 million$120.86 millionViewN/AView Earnings Details
10/31/2014Q314$0.37$0.38$124.70 million$124.73 millionViewN/AView Earnings Details
7/23/2014Q214$0.39$0.48$125.33 million$123.50 millionViewN/AView Earnings Details
4/29/2014Q114$0.34$0.35$120.25 million$117.50 millionViewN/AView Earnings Details
1/27/2014Q413$0.39$0.41$119.46 million$112.50 millionViewN/AView Earnings Details
10/23/2013Q313$0.36$0.38$113.75 million$110.10 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.32$0.37$103.16 million$100.00 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.24$0.29$94.20 million$94.80 millionViewN/AView Earnings Details
1/23/2013Q4 2012$0.29$0.32$99.62 million$95.20 millionViewN/AView Earnings Details
10/23/2012$0.27$0.31ViewN/AView Earnings Details
7/24/2012$0.28$0.32ViewN/AView Earnings Details
5/8/2012$0.36$0.41ViewN/AView Earnings Details
2/1/2012$0.46$0.54ViewN/AView Earnings Details
10/26/2011$0.47$0.51ViewN/AView Earnings Details
7/27/2011$0.45$0.45ViewN/AView Earnings Details
2/16/2011$0.31$0.33ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.89 EPS
Next Year EPS Consensus Estimate: $0.81 EPS

Dividends

Current Dividend Information for Costamare (NYSE:CMRE)
Annual Dividend:$0.40
Dividend Yield:6.59%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:48.78% (Based on Trailing 12 Months of Earnings)
44.94% (Based on Current Year Consensus EPS Estimate)
49.38% (Based on Next Year Consensus EPS Estimate)

Dividend History for Costamare (NYSE:CMRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/4/2017quarterly$0.106.46%1/19/20171/23/20172/6/2017
10/4/2016Quarterly$0.105.4%10/19/201610/21/201611/4/2016
7/7/2016quarterly$0.2916.02%8/1/20168/3/20168/17/2016
4/4/2016quarterly$0.2913.11%4/15/20164/19/20165/4/2016
1/5/2016quarterly$0.2912.28%1/19/20161/21/20162/4/2016
10/2/2015quarterly$0.299.04%10/19/201510/21/201511/4/2015
7/6/2015quarterly$0.296.41%7/20/20157/22/20158/5/2015
4/2/2015quarterly$0.296.62%4/17/20154/21/20155/6/2015
1/7/2015quarterly$0.287%1/16/20151/21/20152/4/2015
10/7/2014quarterly$0.285.49%10/20/201410/22/201411/5/2014
7/8/2014quarterly$0.284.84%7/21/20147/23/20148/6/2014
4/29/2014quarterly$0.285.22%5/7/20145/9/20145/13/2014
1/6/2014quarterly$0.276.05%1/16/20141/21/20142/4/2014
10/8/2013quarterly$0.276.45%10/21/201310/23/201311/6/2013
7/10/2013quarterly$0.275.95%7/22/20137/24/20138/7/2013
4/10/2013quarterly$0.276.87%4/22/20134/24/20135/8/2013
1/17/2013quarterly$0.277.09%1/28/20131/30/20132/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Costamare (NYSE:CMRE)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Costamare (NYSE:CMRE)
DateHeadline
nasdaq.com logoCostamare Series D Cumulative Redeemable Perpetual Preferred Stock Crosses Above 9.5% Yield Territory (NYSE:CMRE)
www.nasdaq.com - February 22 at 4:32 PM
News IconEquity Insight: Indicator Review for Costamare Inc. (CMRE) - BVN (NYSE:CMRE)
bvnewsjournal.com - February 17 at 3:36 PM
News IconShare Focus: Watching Levels for Costamare Inc. (CMRE) - BVN (NYSE:CMRE)
bvnewsjournal.com - February 14 at 10:12 PM
streetinsider.com logoUPDATE: Stifel Upgrades Costamare Inc. (CMRE) to Hold - StreetInsider.com (NYSE:CMRE)
www.streetinsider.com - February 14 at 10:12 PM
streetinsider.com logoWells Fargo Upgrades Costamare Inc. (CMRE) to Outperform - StreetInsider.com (NYSE:CMRE)
www.streetinsider.com - February 14 at 10:12 PM
seekingalpha.com logoProtectionism - A Growing Threat To Container Shipping (NYSE:CMRE)
seekingalpha.com - February 14 at 5:11 PM
capitalcube.com logoETFs with exposure to Costamare Inc. : February 14, 2017 (NYSE:CMRE)
www.capitalcube.com - February 14 at 5:11 PM
seekingalpha.com logoCostamare tracks higher after analyst upgrades (NYSE:CMRE)
seekingalpha.com - February 13 at 10:23 AM
News IconCostamare Inc. (NYSE:CMRE) EPS Predicted At $0.1867 - Transcript Daily (NYSE:CMRE)
transcriptdaily.com - February 12 at 9:26 PM
nasdaq.com logoWhat Makes Costamare (CMRE) a Strong Sell? - Nasdaq (NYSE:CMRE)
www.nasdaq.com - February 9 at 4:46 PM
finance.yahoo.com logoWhat Makes Costamare (CMRE) a Strong Sell? (NYSE:CMRE)
finance.yahoo.com - February 9 at 4:46 PM
News IconCostamare Inc. (NYSE:CMRE) Projected EPS At $0.22 - Stock Observer (NYSE:CMRE)
www.thestockobserver.com - February 8 at 4:43 PM
streetinsider.com logoCiti Starts Costamare Inc. (CMRE) at Neutral - StreetInsider.com - StreetInsider.com (NYSE:CMRE)
www.streetinsider.com - February 7 at 5:26 PM
News IconCostamare Inc. (NYSE:CMRE) EPS Projection Set At $0.1867 ... - Transcript Daily (NYSE:CMRE)
transcriptdaily.com - February 4 at 9:28 PM
seekingalpha.com logoCostamare - A Closer Look At Its Preferred Stock (NYSE:CMRE)
seekingalpha.com - February 3 at 4:41 PM
News IconCostamare Inc. (NYSE:CMRE) Equity Price Target Fixed At $7.7 - Transcript Daily (NYSE:CMRE)
transcriptdaily.com - February 3 at 2:48 AM
streetinsider.com logoMorgan Stanley Upgrades Costamare Inc. (CMRE) to Overweight - StreetInsider.com (NYSE:CMRE)
www.streetinsider.com - February 3 at 2:48 AM
capitalcube.com logoETFs with exposure to Costamare Inc. : February 2, 2017 (NYSE:CMRE)
www.capitalcube.com - February 2 at 4:46 PM
News IconThe Costamare Inc. (CMRE) Receives $9.30 Average Price Target from Analysts (NYSE:CMRE)
flapship.com - February 1 at 4:41 PM
News IconCostamare Inc (CMRE) Issues Earnings Results (NYSE:CMRE)
mundoaguaysaneamiento.net - February 1 at 4:41 PM
News IconCostamare Inc (CMRE) is Downgraded by Credit Suisse to " Underperform" (NYSE:CMRE)
larampadinapoli.com - February 1 at 4:41 PM
finance.yahoo.com logoCostamare upgraded by Morgan Stanley (NYSE:CMRE)
finance.yahoo.com - February 1 at 4:41 PM
capitalcube.com logoCostamare Inc. :CMRE-US: Earnings Analysis: Q4, 2016 By the Numbers : February 1, 2017 (NYSE:CMRE)
www.capitalcube.com - February 1 at 4:41 PM
nasdaq.com logoHow To YieldBoost CMRE To 16.5% Using Options (NYSE:CMRE)
www.nasdaq.com - January 31 at 4:49 PM
capitalcube.com logoCostamare Inc. :CMRE-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NYSE:CMRE)
www.capitalcube.com - January 31 at 4:49 PM
us.rd.yahoo.com logoCostamare downgraded by Credit Suisse (NYSE:CMRE)
us.rd.yahoo.com - January 31 at 3:23 AM
News IconHigh Volatility Moving the Needle For Shares of Costamare Inc. (NYSE:CMRE) - Wall Street Beacon (NYSE:CMRE)
wsbeacon.com - January 30 at 5:14 PM
News IconWhat are Research Firms Saying About Costamare Inc. (NYSE:CMRE)? - Aiken Advocate (NYSE:CMRE)
aikenadvocate.com - January 30 at 5:14 PM
News IconPrice Forecast For Costamare Inc. (NYSE:CMRE) Stock At $8.3 ... - Transcript Daily (NYSE:CMRE)
transcriptdaily.com - January 30 at 7:05 AM
streetinsider.com logoCredit Suisse Downgrades Costamare Inc. (CMRE) to Underperform - StreetInsider.com (NYSE:CMRE)
www.streetinsider.com - January 30 at 7:05 AM
News IconTicker Tracker: Looking at Costamare Inc. (CMRE) - Rives Journal (NYSE:CMRE)
rivesjournal.com - January 29 at 2:37 AM
4-traders.com logoCostamare : reports 4Q loss (NYSE:CMRE)
www.4-traders.com - January 28 at 4:35 PM
finance.yahoo.com logoEdited Transcript of CMRE earnings conference call or presentation 27-Jan-17 1:30pm GMT (NYSE:CMRE)
finance.yahoo.com - January 27 at 10:46 PM
News IconCostamare Inc. (NYSE:CMRE) to Post $0.24 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:CMRE)
wsbeacon.com - January 27 at 5:46 PM
seekingalpha.com logoCostamare's (CMRE) Management Discusses Q4 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:CMRE)
seekingalpha.com - January 27 at 5:46 PM
sg.finance.yahoo.com logoCostamare reports 4Q loss (NYSE:CMRE)
sg.finance.yahoo.com - January 27 at 5:46 PM
us.rd.yahoo.com logo4:20 pm Costamare misses by $0.01, beats on revs (NYSE:CMRE)
us.rd.yahoo.com - January 27 at 3:29 AM
News IconWilliams %R, RSI, and ADX Update for Costamare Inc. (CMRE) - Sherwood Daily (NYSE:CMRE)
sherwooddaily.com - January 26 at 10:27 PM
biz.yahoo.com logoQ4 2016 Costamare Inc Earnings Release - After Market Close (NYSE:CMRE)
biz.yahoo.com - January 26 at 5:25 PM
finance.yahoo.com logoCostamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2016 (NYSE:CMRE)
finance.yahoo.com - January 26 at 5:25 PM
News IconCostamare Inc. (NYSE:CMRE) Projected EPS At $0.24 - Stock Observer (NYSE:CMRE)
www.thestockobserver.com - January 25 at 10:30 PM
News IconTrading Sheet: Tracking Technicals for Costamare Inc. (CMRE) - Sherwood Daily (NYSE:CMRE)
sherwooddaily.com - January 24 at 9:59 PM
News IconWhat Analysts Report Shows About Costamare Inc. (NYSE:CMRE)? - Transcript Daily (NYSE:CMRE)
transcriptdaily.com - January 24 at 9:59 PM
News IconEarnings in Full Force, Analysts Take Aim at Costamare Inc. (NYSE:CMRE) - Wall Street Beacon (NYSE:CMRE)
wsbeacon.com - January 24 at 9:59 PM
News IconTrading Radar: Checking Technicals for Costamare Inc. (CMRE) - Rives Journal (NYSE:CMRE)
rivesjournal.com - January 20 at 10:34 PM
finance.yahoo.com logoCostamare Inc. Sets the Date for Its Fourth Quarter 2016 Results Release, Conference Call and Webcast (NYSE:CMRE)
finance.yahoo.com - January 20 at 5:31 PM
News IconSorting Out the Technicals on Shares of Costamare Inc. (CMRE) - Sherwood Daily (NYSE:CMRE)
sherwooddaily.com - January 19 at 5:38 PM
News IconCostamare Inc. (NYSE:CMRE) Projected to Achieve EPS Of $0.28 - Stock Observer (NYSE:CMRE)
www.thestockobserver.com - January 19 at 2:46 AM
nasdaq.com logoCostamare Inc. (CMRE) Ex-Dividend Date Scheduled for January 19, 2017 - Nasdaq (NYSE:CMRE)
www.nasdaq.com - January 19 at 2:46 AM
4-traders.com logoCOSTAMARE INC : ex-dividend day (NYSE:CMRE)
www.4-traders.com - January 18 at 9:46 PM

Social

What is Costamare's stock symbol?

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

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

Costamare declared a quarterly dividend on Wednesday, January 4th. Shareholders of record on Monday, January 23rd will be paid a dividend of $0.10 per share on Monday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Thursday, January 19th.

Where is Costamare's stock going? Where will Costamare's stock price be in 2017?

8 brokerages have issued 1-year target prices for Costamare's stock. Their predictions range from $5.00 to $13.00. On average, they expect Costamare's share price to reach $7.86 in the next year.

When will Costamare announce their earnings?

Costamare is scheduled to release their next quarterly earnings announcement on Tuesday, April, 18th 2017.

What are analysts saying about Costamare stock?

Here are some recent quotes from research analysts about Costamare stock:

  • According to Zacks Investment Research, "Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. " (2/17/2017)

  • Wells Fargo & Company analysts commented, "We are upgrading CMRE to Outperform (from Market Perform) as we believe its risk-reward profile is skewed to the positive, with CMRE well positioned for valuation uplift from the Container market trough, in our view. CMRE is off 63% (vs. the S&P 500 up 0.2%) over the past 18 months as the stock has faced significant downward pressure from liquidity risk, rechartering risk, counterparty risk, a dividend cut, and a soft rechartering outlook amid the containership trough. Given that significant equity downside (to 0.4x NAV), we believe CMRE is an attractive container recovery play, while we also believe the severity of its headwinds should gradually ease over time, with CMRE making a number of recent moves to reposition its intermediate-term liquidity and stabilize its balance sheet. While we remain broadly cautious around global containerized trade, we think Street expectations have generally fallen to match that outlook, with the risk/reward associated with a bottoming outlook potentially skewed to the upside, at least longer-term. We effectively think CMRE has most of its bad news priced into it at this point, and while continued pressure within its peer group or a more substantive outline for a border tax regime still linger as potential headwinds (particularly the latter), we think the longer-term recover potential outweighs them, and we reiterate our Outperform rating with a valuation range of $8-9/share." (2/13/2017)
  • J P Morgan Chase & Co analysts commented, "The company also announced it refinanced $360 million of bullet payments that were due in Q2 and Q3/2018. While there are still two smaller bullet payments in 2018, the fact that these refinancing were down well ahead of the maturities gives us confidence that the remaining refinancing should be relatively routine." (10/5/2016)

Who owns Costamare stock?

Costamare's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (0.53%), Two Sigma Investments LP (0.46%), Russell Investments Group Ltd. (0.38%), Guggenheim Capital LLC (0.35%), Numeric Investors LLC (0.27%) and Horizon Kinetics LLC (0.20%).

Who bought Costamare stock? Who is buying Costamare stock?

Costamare's stock was purchased by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Russell Investments Group Ltd., Numeric Investors LLC, Renaissance Technologies LLC, Guggenheim Capital LLC, Oxford Asset Management, GSA Capital Partners LLP and Horizon Kinetics LLC.

How do I buy Costamare stock?

Shares of Costamare can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Costamare stock cost?

One share of Costamare stock can currently be purchased for approximately $6.07.

Costamare (NYSE:CMRE) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

Earnings History Chart

Earnings by Quarter for Costamare (NYSE:CMRE)

Dividend History Chart

Dividend Payments by Quarter for Costamare (NYSE:CMRE)

Last Updated on 2/23/2017 by MarketBeat.com Staff