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NYSE:CMRE - COSTAMARE INC/SH Stock Price, Forecast & News

$9.23
-0.15 (-1.60 %)
(As of 12/16/2019 08:17 AM ET)
Today's Range
$9.11
Now: $9.23
$9.48
50-Day Range
$6.91
MA: $8.16
$9.37
52-Week Range
$4.20
Now: $9.23
$9.48
Volume999,558 shs
Average Volume902,548 shs
Market Capitalization$1.09 billion
P/E Ratio21.98
Dividend Yield4.33%
Beta2.28
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU. The company was founded in 1974 and is based in Monaco.

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
CUSIPN/A
Phone377-9325-0940

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$380.40 million
Cash Flow$1.67 per share
Book Value$10.84 per share

Profitability

Net Income$81.70 million

Miscellaneous

Employees1,680
Market Cap$1.09 billion
Next Earnings Date1/22/2020 (Estimated)
OptionableOptionable

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COSTAMARE INC/SH (NYSE:CMRE) Frequently Asked Questions

What is COSTAMARE INC/SH's stock symbol?

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

How often does COSTAMARE INC/SH pay dividends? What is the dividend yield for COSTAMARE INC/SH?

COSTAMARE INC/SH declared a quarterly dividend on Wednesday, October 2nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.10 per share on Thursday, November 7th. This represents a $0.40 annualized dividend and a yield of 4.33%. The ex-dividend date is Monday, October 21st. View COSTAMARE INC/SH's Dividend History.

How were COSTAMARE INC/SH's earnings last quarter?

COSTAMARE INC/SH (NYSE:CMRE) announced its earnings results on Wednesday, October, 23rd. The shipping company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.07. The shipping company had revenue of $123.37 million for the quarter, compared to analyst estimates of $116.48 million. COSTAMARE INC/SH had a return on equity of 8.70% and a net margin of 18.02%. The business's quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. View COSTAMARE INC/SH's Earnings History.

When is COSTAMARE INC/SH's next earnings date?

COSTAMARE INC/SH is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for COSTAMARE INC/SH.

What price target have analysts set for CMRE?

2 brokerages have issued 1-year target prices for COSTAMARE INC/SH's shares. Their forecasts range from $7.50 to $8.00. On average, they anticipate COSTAMARE INC/SH's stock price to reach $7.75 in the next twelve months. This suggests that the stock has a possible downside of 16.0%. View Analyst Price Targets for COSTAMARE INC/SH.

What is the consensus analysts' recommendation for COSTAMARE INC/SH?

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." View Analyst Ratings for COSTAMARE INC/SH.

Has COSTAMARE INC/SH been receiving favorable news coverage?

News articles about CMRE stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. COSTAMARE INC/SH earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for COSTAMARE INC/SH.

Are investors shorting COSTAMARE INC/SH?

COSTAMARE INC/SH saw a drop in short interest in the month of November. As of November 29th, there was short interest totalling 1,120,000 shares, a drop of 13.2% from the November 14th total of 1,290,000 shares. Based on an average daily trading volume, of 673,300 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.2% of the shares of the company are short sold. View COSTAMARE INC/SH's Current Options Chain.

Who are some of COSTAMARE INC/SH's key competitors?

What other stocks do shareholders of COSTAMARE INC/SH own?

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), iShares MSCI Brazil ETF (EWZ), AT&T (T), General Electric (GE), Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Hawkins (HWKN) and Verizon Communications (VZ).

Who are COSTAMARE INC/SH's key executives?

COSTAMARE INC/SH's management team includes the folowing people:
  • Mr. Konstantinos Konstantakopoulos, Chairman & CEO (Age 50)
  • Mr. Gregory G. Zikos, CFO & Director (Age 50)
  • Mr. Anastassios Gabrielides, Gen. Counsel & Sec. (Age 54)

Who are COSTAMARE INC/SH's major shareholders?

COSTAMARE INC/SH's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (0.72%), Millennium Management LLC (0.70%), Denali Advisors LLC (0.30%), Strs Ohio (0.08%), Rhumbline Advisers (0.07%) and Russell Investments Group Ltd. (0.04%).

Which institutional investors are selling COSTAMARE INC/SH stock?

CMRE stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Barclays PLC, Cullen Frost Bankers Inc. and Voya Investment Management LLC.

Which institutional investors are buying COSTAMARE INC/SH stock?

CMRE stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Denali Advisors LLC, Russell Investments Group Ltd., State Street Corp, California Public Employees Retirement System, Rhumbline Advisers and Commonwealth Equity Services LLC.

How do I buy shares of COSTAMARE INC/SH?

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.

What is COSTAMARE INC/SH's stock price today?

One share of CMRE stock can currently be purchased for approximately $9.23.

How big of a company is COSTAMARE INC/SH?

COSTAMARE INC/SH has a market capitalization of $1.09 billion and generates $380.40 million in revenue each year. The shipping company earns $81.70 million in net income (profit) each year or $0.42 on an earnings per share basis. COSTAMARE INC/SH employs 1,680 workers across the globe.View Additional Information About COSTAMARE INC/SH.

What is COSTAMARE INC/SH's official website?

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

How can I contact COSTAMARE INC/SH?

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]


MarketBeat Community Rating for COSTAMARE INC/SH (NYSE CMRE)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  286 (Vote Outperform)
Underperform Votes:  482 (Vote Underperform)
Total Votes:  768
MarketBeat's community ratings are surveys of what our community members think about COSTAMARE INC/SH and other stocks. Vote "Outperform" if you believe CMRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2019 by MarketBeat.com Staff

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