NYSE:CMRECOSTAMARE INC/SH Stock Price, Forecast & News

COSTAMARE INC/SH's stock was trading at $5.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CMRE shares have decreased by 18.0% and is now trading at $4.60.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for COSTAMARE INC/SH in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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COSTAMARE INC/SH is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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COSTAMARE INC/SH (NYSE:CMRE) released its quarterly earnings data on Monday, July, 27th. The shipping company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The shipping company had revenue of $111.87 million for the quarter, compared to analyst estimates of $120.41 million. COSTAMARE INC/SH had a return on equity of 11.79% and a net margin of 5.90%.
View COSTAMARE INC/SH's earnings history.

COSTAMARE INC/SH announced a quarterly dividend on Thursday, July 2nd. Investors of record on Wednesday, July 22nd will be paid a dividend of $0.10 per share on Friday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, July 21st.
View COSTAMARE INC/SH's dividend history.

2 Wall Street analysts have issued 12-month target prices for COSTAMARE INC/SH's stock. Their forecasts range from $7.50 to $8.00. On average, they expect COSTAMARE INC/SH's share price to reach $7.75 in the next year. This suggests a possible upside of 68.5% from the stock's current price.
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News stories about CMRE stock have trended somewhat negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. COSTAMARE INC/SH earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave news articles about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.
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COSTAMARE INC/SH saw a decline in short interest in June. As of June 30th, there was short interest totaling 1,650,000 shares, a decline of 12.2% from the June 15th total of 1,880,000 shares. Based on an average daily volume of 702,700 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.3% of the shares of the company are short sold.
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Some companies that are related to COSTAMARE INC/SH include Euronav (EURN), SEASPAN CORP/SH SH (SSW), Frontline (FRO), Ship Finance International (SFL), DHT (DHT), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Torm (TRMD), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Genco Shipping & Trading (GNK) and Teekay (TK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other COSTAMARE INC/SH investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), Textainer Group (TGH), AT&T (T), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), DHT (DHT), NGL Energy Partners (NGL), Energy Transfer LP Unit (ET) and ARBOR RLTY TR I/SH (ABR).

COSTAMARE INC/SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

COSTAMARE INC/SH's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Denali Advisors LLC (0.34%), Bowling Portfolio Management LLC (0.10%), Strs Ohio (0.08%), SG Americas Securities LLC (0.07%), Ahrens Investment Partners LLC (0.05%) and Triton Wealth Management PLLC (0.02%).

CMRE stock was sold by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, UBS Group AG, Strs Ohio, and Cornerstone Investment Partners LLC.

CMRE stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Ahrens Investment Partners LLC, SG Americas Securities LLC, Triton Wealth Management PLLC, Optimum Investment Advisors, and Creative Planning.

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

One share of CMRE stock can currently be purchased for approximately $4.60.

COSTAMARE INC/SH has a market capitalization of $548.00 million and generates $478.11 million in revenue each year. The shipping company earns $99 million in net income (profit) each year or $0.91 on an earnings per share basis. COSTAMARE INC/SH employs 1,680 workers across the globe.

The official website for COSTAMARE INC/SH is www.costamare.com.

COSTAMARE INC/SH's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The shipping company can be reached via phone at 377-9325-0940 or via email at [email protected]