Costamare Inc. (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company's fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: N/A
- Symbol: NYSE:CMRE
- CUSIP: N/A
- Web: www.costamare.com
- Market Cap: $710.73 million
- Outstanding Shares: 91,589,000
- 50 Day Moving Avg: $7.19
- 200 Day Moving Avg: $6.41
- 52 Week Range: $5.07 - $10.45
Sales & Book Value:
- Trailing P/E Ratio: 12.93
- Foreward P/E Ratio: 9.82
- P/E Growth: -0.88
- Annual Revenue: $453.44 million
- Price / Sales: 1.57
- Book Value: $11.94 per share
- Price / Book: 0.65
- Annual Dividend: $0.40
- Dividend Yield: 5.1%
- EBIDTA: $295.35 million
- Net Margins: 17.45%
- Return on Equity: 12.74%
- Return on Assets: 4.98%
- Debt-to-Equity Ratio: 1.11%
- Current Ratio: 0.75%
- Quick Ratio: 0.71%
- Average Volume: 879,726 shs.
- Beta: 1.96
- Short Ratio: 1.79
Frequently Asked Questions for Costamare (NYSE:CMRE)
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 announced a quarterly dividend on Tuesday, April 4th. Shareholders of record on Friday, April 21st will be given a dividend of $0.10 per share on Monday, May 8th. This represents a $0.40 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, April 19th. View Costamare's Dividend History.
How were Costamare's earnings last quarter?
Costamare Inc (NYSE:CMRE) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $105.52 million for the quarter, compared to analyst estimates of $103.41 million. Costamare had a net margin of 17.45% and a return on equity of 12.74%. The company's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. View Costamare's Earnings History.
When will Costamare make its next earnings announcement?
Where is Costamare's stock going? Where will Costamare's stock price be in 2017?
8 brokers have issued 12 month price targets for Costamare's shares. Their forecasts range from $5.50 to $13.00. On average, they expect Costamare's stock price to reach $8.29 in the next twelve months. View Analyst Ratings for Costamare.
What are analysts saying about Costamare stock?
Here are some recent quotes from research analysts about Costamare stock:
- 1. 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. " (4/27/2017)
- 2. Wells Fargo & Co 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)
Are investors shorting Costamare?
Costamare saw a increase in short interest in April. As of April 28th, there was short interest totalling 1,248,977 shares, an increase of 58.2% from the April 13th total of 789,459 shares. Based on an average daily volume of 826,338 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.7% of the shares of the company are short sold.
Who are some of Costamare's key competitors?
Some companies that are related to Costamare include Golar LNG Partners LP (GMLP), Matson (MATX), Ship Finance International Limited (SFL), Teekay LNG Partners L.P. (TGP), Euronav NV (EURN), GasLog Ltd (GLOG), Frontline (FRO), GasLog Partners LP (GLOP), Golden Ocean Group Ltd (GOGL), KNOT Offshore Partners LP (KNOP), Nordic American Tanker Ltd (NAT), Scorpio Tankers (STNG), Seaspan (SSW), Hoegh LNG Partners LP (HMLP), Dynagas LNG Partners LP (DLNG), Teekay (TK), Star Bulk Carriers Corp. (SBLK) and Teekay Offshore Partners L.P. (TOO).
Who owns Costamare stock?
Costamare's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.15%), Global X Management Co. LLC (1.56%), York Capital Management Global Advisors LLC (1.26%), Parametric Portfolio Associates LLC (0.89%), Boston Partners (0.60%) and Signia Capital Management LLC (0.56%). View Institutional Ownership Trends for Costamare.
Who sold Costamare stock? Who is selling Costamare stock?
Costamare's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Russell Investments Group Ltd., Credit Suisse AG, Renaissance Technologies LLC, San Francisco Sentry Investment Group CA, Goldman Sachs Group Inc., Acrospire Investment Management LLC and Teachers Advisors LLC. View Insider Buying and Selling for Costamare.
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 Global X Management Co. LLC, Signia Capital Management LLC, Acadian Asset Management LLC, Morgan Stanley, Geode Capital Management LLC, Bogle Investment Management L P DE, Parametric Portfolio Associates LLC and SG Americas Securities LLC. View Insider Buying and Selling for Costamare.
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 $7.76.
Earnings History for Costamare (NYSE:CMRE)Earnings History by Quarter for Costamare (NYSE:CMRE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017|| || || || || || || || |
|4/27/2017||3/31/2017||$0.21||$0.23||$103.41 million||$105.52 million||View||N/A|
|1/26/2017||Q416||$0.26||$0.28||$110.51 million||$110.13 million||View||N/A|
|10/24/2016||Q316||$0.35||$0.37||$114.20 million||$115.50 million||View||N/A|
|7/27/2016||Q2||$0.40||$0.42||$119.37 million||$117.90 million||View||N/A|
|4/20/2016||Q116||$0.39||$0.45||$121.06 million||$120.27 million||View||N/A|
|1/27/2016||Q415||$0.38||$0.44||$124.87 million||$122.28 million||View||Listen|
|10/21/2015||Q315||$0.39||$0.46||$123.61 million||$124.00 million||View||Listen|
|7/21/2015||Q215||$0.39||$0.46||$121.39 million||$123.20 million||View||Listen|
|4/28/2015||Q115||$0.31||$0.38||$119.33 million||$120.90 million||View||N/A|
|2/4/2015||Q414||$0.37||$0.41||$120.50 million||$120.86 million||View||N/A|
|10/31/2014||Q314||$0.38||$0.38||$124.70 million||$124.73 million||View||N/A|
|7/23/2014||Q214||$0.39||$0.48||$125.33 million||$123.50 million||View||N/A|
|4/29/2014||Q114||$0.34||$0.35||$120.25 million||$117.50 million||View||N/A|
|1/27/2014||Q413||$0.39||$0.41||$119.46 million||$112.50 million||View||N/A|
|10/23/2013||Q313||$0.36||$0.38||$113.75 million||$110.10 million||View||N/A|
|7/24/2013||Q2 2013||$0.32||$0.37||$103.16 million||$100.00 million||View||N/A|
|4/24/2013||Q1 2013||$0.24||$0.29||$94.20 million||$94.80 million||View||N/A|
|1/23/2013||Q4 2012||$0.29||$0.32||$99.62 million||$95.20 million||View||N/A|
Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.92 EPS
Next Year EPS Consensus Estimate: $0.79 EPS
Current Dividend Information for Costamare (NYSE:CMRE)
|Most Recent Dividend:||5/8/2017|
|Dividend Growth:||-3.50% (3 Year Average)|
|Payout Ratio:||48.78% (Trailing 12 Months of Earnings) |
43.48% (Based on This Year's Estimates)
50.63% (Based on Next Year's Estimates)
Dividend History by Quarter for Costamare (NYSE:CMRE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Costamare (NYSE:CMRE)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
|Costamare Inc. Announces Public Offering of Common Stock|
finance.yahoo.com - May 24 at 9:15 PM
|Is Costamare (CMRE) a Great Stock for Value Investors? - Nasdaq|
www.nasdaq.com - May 24 at 12:44 PM
|Is Costamare (CMRE) a Great Stock for Value Investors?|
finance.yahoo.com - May 24 at 12:44 PM
|ETFs with exposure to Costamare Inc. : May 22, 2017|
finance.yahoo.com - May 22 at 4:14 PM
|Short Interest in Costamare Inc (CMRE) Grows By 58.2%|
www.americanbankingnews.com - May 16 at 7:02 AM
|Is Seaspan Corporation About to Turn the Corner?|
finance.yahoo.com - May 15 at 12:06 PM
|Research Reports Coverage on Shipping Stocks -- Costamare, Navios Maritime, Gener8 Maritime, and Capital Product Partners|
www.bizjournals.com - May 12 at 4:55 PM
|ETFs with exposure to Costamare Inc. : May 9, 2017|
finance.yahoo.com - May 9 at 9:23 PM
|Costamare Inc. :CMRE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017|
finance.yahoo.com - May 8 at 4:17 PM
|Costamare Inc (CMRE) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - May 8 at 11:14 AM
|Costamare Inc (CMRE) Raised to "C" at TheStreet|
www.americanbankingnews.com - May 3 at 5:34 PM
|Costamare (CMRE) Receives News Impact Rating of 0.36|
www.americanbankingnews.com - May 3 at 1:00 AM
|Costamare Inc.: Leads amongst peers with strong fundamentals|
finance.yahoo.com - May 2 at 7:42 PM
|Why Costamare Shares Just Jumped 14.5%|
www.fool.com - May 1 at 12:46 PM
|Credit Suisse Group AG Upgrades Costamare Inc (CMRE) to "Neutral"|
www.americanbankingnews.com - May 1 at 10:27 AM
|Credit Suisse Upgrades Costamare Inc. (CMRE) to Neutral - StreetInsider.com|
www.streetinsider.com - May 1 at 8:35 AM
|Costamare's (CMRE) Management Discusses Q1 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - April 30 at 7:18 AM
|Somewhat Favorable News Coverage Somewhat Likely to Impact Costamare (CMRE) Stock Price|
www.americanbankingnews.com - April 29 at 5:47 PM
|Costamare Inc (CMRE) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS|
www.americanbankingnews.com - April 29 at 1:25 AM
|Costamare Inc (CMRE) Posts Earnings Results, Beats Expectations By $0.02 EPS|
www.americanbankingnews.com - April 29 at 1:24 AM
|Costamare Inc (CMRE) Announces Earnings Results, Beats Estimates By $0.02 EPS|
www.americanbankingnews.com - April 29 at 1:21 AM
|Edited Transcript of CMRE earnings conference call or presentation 28-Apr-17 12:30pm GMT|
finance.yahoo.com - April 28 at 10:23 PM
|Costamare Inc (CMRE) Upgraded by Zacks Investment Research to Hold|
www.americanbankingnews.com - April 27 at 6:36 PM
|Costamare beats 1Q profit forecasts|
marketbeat.com - April 27 at 5:55 PM
|Costamare Inc. – Value Analysis (NYSE:CMRE) : April 26, 2017|
finance.yahoo.com - April 26 at 5:03 PM
|Favorable Press Coverage Very Unlikely to Affect Costamare (CMRE) Stock Price|
www.americanbankingnews.com - April 26 at 4:10 PM
|Container Shipping Rates Up - What's Behind The Move And The DOJ Inquiry|
seekingalpha.com - April 25 at 12:08 PM
|Costamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : April 25, 2017|
finance.yahoo.com - April 25 at 12:08 PM
|Costamare (CMRE) Earns News Sentiment Score of -0.02|
www.americanbankingnews.com - April 23 at 3:59 PM
|Costamare Inc. Sets the Date for Its First Quarter 2017 Results Release, Conference Call and Webcast|
finance.yahoo.com - April 21 at 4:29 PM
|Somewhat Positive News Coverage Somewhat Unlikely to Impact Costamare (CMRE) Share Price|
www.americanbankingnews.com - April 20 at 6:37 PM
|Costamare Inc. : CMRE-US: Dividend Analysis : April 21st, 2017 (record date) : By the numbers : April 20, 2017|
finance.yahoo.com - April 20 at 4:31 PM
|Costamare Inc. (CMRE) Ex-Dividend Date Scheduled for April 19, 2017 - Nasdaq|
www.nasdaq.com - April 19 at 12:49 PM
|Short Interest in Costamare Inc (CMRE) Decreases By 35.8%|
www.americanbankingnews.com - April 19 at 7:02 AM
|CMRE : Summary for Costamare Inc. $0.0001 par val - Yahoo Finance|
finance.yahoo.com - April 18 at 12:20 PM
|Costamare Inc (CMRE) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - April 16 at 7:06 AM
|Costamare (CMRE) Earning Somewhat Favorable Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 14 at 9:31 PM
|Costamare Inc (CMRE) Raised to Hold at Zacks Investment Research|
www.americanbankingnews.com - April 14 at 6:04 PM
|Costamare Inc (CMRE) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - April 11 at 9:11 AM
|Costamare Inc (CMRE) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - April 5 at 6:07 PM
|Costamare Inc (CMRE) Announces Quarterly Dividend of $0.10|
www.americanbankingnews.com - April 5 at 12:28 AM
|Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock|
finance.yahoo.com - April 3 at 4:49 PM
|Zacks Investment Research Downgrades Costamare Inc (CMRE) to Strong Sell|
www.americanbankingnews.com - March 29 at 7:04 PM
|DryShips Inc.'s High Dividend Yield Is Shrinking Quickly|
www.fool.com - March 20 at 3:56 PM
|Noteworthy Friday Option Activity: FDX, TXT, CMRE|
www.nasdaq.com - March 17 at 3:51 PM
|Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2016|
finance.yahoo.com - March 14 at 6:04 PM
|Costamare Series D Cumulative Redeemable Perpetual Preferred Stock Crosses Above 9.5% Yield Territory|
www.nasdaq.com - February 22 at 4:32 PM
|UPDATE: Stifel Upgrades Costamare Inc. (CMRE) to Hold - StreetInsider.com|
www.streetinsider.com - February 14 at 10:12 PM
|Wells Fargo Upgrades Costamare Inc. (CMRE) to Outperform - StreetInsider.com|
www.streetinsider.com - February 14 at 10:12 PM
|Protectionism - A Growing Threat To Container Shipping|
seekingalpha.com - February 14 at 5:11 PM
Costamare (CMRE) Chart for Wednesday, May, 24, 2017