Costamare Company Profile (NYSE:CMRE)

About Costamare (NYSE:CMRE)

Costamare logoCostamare 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
Capitalization:
  • Market Cap: $710.73 million
  • Outstanding Shares: 91,589,000
Average Prices:
  • 50 Day Moving Avg: $7.19
  • 200 Day Moving Avg: $6.41
  • 52 Week Range: $5.07 - $10.45
P/E:
  • Trailing P/E Ratio: 12.93
  • Foreward P/E Ratio: 9.82
  • P/E Growth: -0.88
Sales & Book Value:
  • Annual Revenue: $453.44 million
  • Price / Sales: 1.57
  • Book Value: $11.94 per share
  • Price / Book: 0.65
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 5.1%
Profitability:
  • EBIDTA: $295.35 million
  • 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%
Misc:
  • 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?

Costamare is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Costamare.

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?

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.

Analyst Ratings

Consensus Ratings for Costamare (NYSE:CMRE) (?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $8.29 (6.77% upside)

Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/1/2017Credit Suisse Group AGUpgradeUnderperform -> Neutral$8.00HighView Rating Details
2/13/2017Wells Fargo & CoUpgradeMarket Perform -> Outperform$9.00N/AView Rating Details
2/13/2017Stifel NicolausUpgradeSell -> Hold$5.50N/AView Rating Details
2/7/2017Citigroup IncInitiated CoverageNeutral$5.50N/AView Rating Details
2/1/2017Morgan StanleyUpgradeEqual Weight -> Overweight$7.00N/AView Rating Details
10/5/2016JPMorgan Chase & Co.UpgradeNeutral -> Overweight$12.00 -> $13.00N/AView Rating Details
10/3/2016Barclays PLCLower Price TargetEqual Weight$11.00 -> $10.00N/AView Rating Details
6/17/2016Clarkson CapitalDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Costamare (NYSE:CMRE)
Earnings by Quarter for Costamare (NYSE:CMRE)
Earnings History by Quarter for Costamare (NYSE:CMRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017        
4/27/20173/31/2017$0.21$0.23$103.41 million$105.52 millionViewN/AView Earnings Details
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$0.31$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$0.38$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: $0.92 EPS
Next Year EPS Consensus Estimate: $0.79 EPS

Dividends

Current Dividend Information for Costamare (NYSE:CMRE)
Most Recent Dividend:5/8/2017
Annual Dividend:$0.40
Dividend Yield:5.15%
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 Payments by Quarter for Costamare (NYSE:CMRE)

Dividend History by Quarter for Costamare (NYSE:CMRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/4/2017quarterly$0.106.12%4/19/20174/21/20175/8/2017
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

Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
Source:
DateHeadline
finance.yahoo.com logoCostamare Inc. Announces Public Offering of Common Stock
finance.yahoo.com - May 24 at 9:15 PM
nasdaq.com logoIs Costamare (CMRE) a Great Stock for Value Investors? - Nasdaq
www.nasdaq.com - May 24 at 12:44 PM
finance.yahoo.com logoIs Costamare (CMRE) a Great Stock for Value Investors?
finance.yahoo.com - May 24 at 12:44 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : May 22, 2017
finance.yahoo.com - May 22 at 4:14 PM
americanbankingnews.com logoShort Interest in Costamare Inc (CMRE) Grows By 58.2%
www.americanbankingnews.com - May 16 at 7:02 AM
finance.yahoo.com logoIs Seaspan Corporation About to Turn the Corner?
finance.yahoo.com - May 15 at 12:06 PM
bizjournals.com logoResearch Reports Coverage on Shipping Stocks -- Costamare, Navios Maritime, Gener8 Maritime, and Capital Product Partners
www.bizjournals.com - May 12 at 4:55 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : May 9, 2017
finance.yahoo.com - May 9 at 9:23 PM
finance.yahoo.com logoCostamare Inc. :CMRE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 4:17 PM
americanbankingnews.com logoCostamare Inc (CMRE) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 8 at 11:14 AM
americanbankingnews.com logoCostamare Inc (CMRE) Raised to "C" at TheStreet
www.americanbankingnews.com - May 3 at 5:34 PM
americanbankingnews.com logoCostamare (CMRE) Receives News Impact Rating of 0.36
www.americanbankingnews.com - May 3 at 1:00 AM
finance.yahoo.com logoCostamare Inc.: Leads amongst peers with strong fundamentals
finance.yahoo.com - May 2 at 7:42 PM
fool.com logoWhy Costamare Shares Just Jumped 14.5%
www.fool.com - May 1 at 12:46 PM
americanbankingnews.com logoCredit Suisse Group AG Upgrades Costamare Inc (CMRE) to "Neutral"
www.americanbankingnews.com - May 1 at 10:27 AM
streetinsider.com logoCredit Suisse Upgrades Costamare Inc. (CMRE) to Neutral - StreetInsider.com
www.streetinsider.com - May 1 at 8:35 AM
seekingalpha.com logoCostamare's (CMRE) Management Discusses Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 30 at 7:18 AM
americanbankingnews.com logoSomewhat Favorable News Coverage Somewhat Likely to Impact Costamare (CMRE) Stock Price
www.americanbankingnews.com - April 29 at 5:47 PM
americanbankingnews.com logoCostamare Inc (CMRE) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - April 29 at 1:25 AM
americanbankingnews.com logoCostamare Inc (CMRE) Posts Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - April 29 at 1:24 AM
americanbankingnews.com logoCostamare Inc (CMRE) Announces Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - April 29 at 1:21 AM
finance.yahoo.com logoEdited Transcript of CMRE earnings conference call or presentation 28-Apr-17 12:30pm GMT
finance.yahoo.com - April 28 at 10:23 PM
americanbankingnews.com logoCostamare Inc (CMRE) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - April 27 at 6:36 PM
marketbeat.com logoCostamare beats 1Q profit forecasts
marketbeat.com - April 27 at 5:55 PM
finance.yahoo.com logoCostamare Inc. – Value Analysis (NYSE:CMRE) : April 26, 2017
finance.yahoo.com - April 26 at 5:03 PM
americanbankingnews.com logoFavorable Press Coverage Very Unlikely to Affect Costamare (CMRE) Stock Price
www.americanbankingnews.com - April 26 at 4:10 PM
seekingalpha.com logoContainer Shipping Rates Up - What's Behind The Move And The DOJ Inquiry
seekingalpha.com - April 25 at 12:08 PM
finance.yahoo.com logoCostamare 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
americanbankingnews.com logoCostamare (CMRE) Earns News Sentiment Score of -0.02
www.americanbankingnews.com - April 23 at 3:59 PM
finance.yahoo.com logoCostamare Inc. Sets the Date for Its First Quarter 2017 Results Release, Conference Call and Webcast
finance.yahoo.com - April 21 at 4:29 PM
americanbankingnews.com logoSomewhat Positive News Coverage Somewhat Unlikely to Impact Costamare (CMRE) Share Price
www.americanbankingnews.com - April 20 at 6:37 PM
finance.yahoo.com logoCostamare 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
nasdaq.com logoCostamare Inc. (CMRE) Ex-Dividend Date Scheduled for April 19, 2017 - Nasdaq
www.nasdaq.com - April 19 at 12:49 PM
americanbankingnews.com logoShort Interest in Costamare Inc (CMRE) Decreases By 35.8%
www.americanbankingnews.com - April 19 at 7:02 AM
finance.yahoo.com logoCMRE : Summary for Costamare Inc. $0.0001 par val - Yahoo Finance
finance.yahoo.com - April 18 at 12:20 PM
americanbankingnews.com logoCostamare Inc (CMRE) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - April 16 at 7:06 AM
americanbankingnews.com logoCostamare (CMRE) Earning Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 14 at 9:31 PM
americanbankingnews.com logoCostamare Inc (CMRE) Raised to Hold at Zacks Investment Research
www.americanbankingnews.com - April 14 at 6:04 PM
americanbankingnews.com logoCostamare Inc (CMRE) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - April 11 at 9:11 AM
americanbankingnews.com logoCostamare Inc (CMRE) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 5 at 6:07 PM
americanbankingnews.com logoCostamare Inc (CMRE) Announces Quarterly Dividend of $0.10
www.americanbankingnews.com - April 5 at 12:28 AM
finance.yahoo.com logoCostamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
finance.yahoo.com - April 3 at 4:49 PM
americanbankingnews.com logoZacks Investment Research Downgrades Costamare Inc (CMRE) to Strong Sell
www.americanbankingnews.com - March 29 at 7:04 PM
fool.com logoDryShips Inc.'s High Dividend Yield Is Shrinking Quickly
www.fool.com - March 20 at 3:56 PM
nasdaq.com logoNoteworthy Friday Option Activity: FDX, TXT, CMRE
www.nasdaq.com - March 17 at 3:51 PM
finance.yahoo.com logoCostamare 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
nasdaq.com logoCostamare Series D Cumulative Redeemable Perpetual Preferred Stock Crosses Above 9.5% Yield Territory
www.nasdaq.com - February 22 at 4:32 PM
streetinsider.com logoUPDATE: Stifel Upgrades Costamare Inc. (CMRE) to Hold - StreetInsider.com
www.streetinsider.com - February 14 at 10:12 PM
streetinsider.com logoWells Fargo Upgrades Costamare Inc. (CMRE) to Outperform - StreetInsider.com
www.streetinsider.com - February 14 at 10:12 PM
seekingalpha.com logoProtectionism - A Growing Threat To Container Shipping
seekingalpha.com - February 14 at 5:11 PM

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Chart

Costamare (CMRE) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff