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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Is this AI's biggest breakthrough to date? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Is this AI's biggest breakthrough to date? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Is this AI's biggest breakthrough to date? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NYSE:CMRE

Costamare (CMRE) Stock Price, News & Analysis

$11.34
+0.21 (+1.89%)
(As of 02/23/2024 ET)
Today's Range
$11.05
$11.38
50-Day Range
$9.99
$11.57
52-Week Range
$7.71
$11.85
Volume
395,769 shs
Average Volume
523,861 shs
Market Capitalization
$1.33 billion
P/E Ratio
3.85
Dividend Yield
4.05%
Price Target
$10.50

Costamare MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.4% Downside
$10.50 Price Target
Short Interest
Healthy
3.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Costamare in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-8.61%
From $2.67 to $2.44 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.

2.33 out of 5 stars

Transportation Sector

82nd out of 112 stocks

Deep Sea Foreign Transportation Of Freight Industry

18th 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

CMRE Mar 2024 12.000 put
The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
Critical Analysis: Costamare (NYSE:CMRE) versus C3is (NASDAQ:CISS)
Costamare Inc. (NYSE:CMRE) Sees Large Increase in Short Interest
CMRE Jun 2024 15.000 call
CMRE Jun 2024 8.000 put
CMRE Feb 2024 9.000 call
The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
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
Costamare Q4 2023 Earnings Preview
Are Investors Undervaluing Costamare (CMRE) Right Now?
Costamare declares $0.115 dividend
Costamare Inc (LCM.MU)
Costamare Inc CMRE
CMRE_pc Historical Data
Costamare Shares Slip Post Q3 Earnings Miss, Records 37% Revenue Growth
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
Today
2/23/2024
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
$10.50
High Stock Price Target
$11.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$385.75 million
Pretax Margin
25.21%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$4.05 per share
Book Value
$20.73 per share

Miscellaneous

Free Float
90,349,000
Market Cap
$1.33 billion
Optionable
Optionable
Beta
1.39

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CMRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Costamare stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMRE shares.
View CMRE analyst ratings
or view top-rated stocks.

What is Costamare's stock price target for 2024?

2 Wall Street analysts have issued 1 year price objectives for Costamare's shares. Their CMRE share price targets range from $10.00 to $11.00. On average, they expect the company's stock price to reach $10.50 in the next year. This suggests that the stock has a possible downside of 7.4%.
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 on January 1st, 2024. Since then, CMRE stock has increased by 9.0% and is now trading at $11.3450.
View the best growth stocks for 2024 here
.

Are investors shorting Costamare?

Costamare saw a increase in short interest in January. As of January 31st, there was short interest totaling 1,530,000 shares, an increase of 5.5% from the January 15th total of 1,450,000 shares. Based on an average daily trading volume, of 488,200 shares, the short-interest ratio is currently 3.1 days. Approximately 3.4% of the company's shares 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) announced its quarterly earnings results on Wednesday, February, 7th. The shipping company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The shipping company earned $494.85 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $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, January 2nd. Investors of record on Monday, January 22nd will be paid a dividend of $0.115 per share on Wednesday, February 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, January 19th.
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 4.15%. 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 18.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

What ETF holds Costamare's stock ?

SonicShares Global Shipping ETF holds 23,749 shares of CMRE stock, representing 1.37% of its portfolio.

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 variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.01%), Bridgeway Capital Management LLC (1.12%), Nuveen Asset Management LLC (0.49%), Simplex Trading LLC (0.00%), Charles Schwab Investment Management Inc. (0.40%) and Denali Advisors LLC (0.38%).

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 2/24/2024 by MarketBeat.com Staff