Costamare - CMRE Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

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.

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).

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

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%).

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

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.

Costamare employs 2,750 workers across the globe.

Costamare was founded in 1974.

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.