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: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:CMRE
- CUSIP: N/A
- Web: www.costamare.com
- Market Cap: $642.3 million
- Outstanding Shares: 105,990,000
- 50 Day Moving Avg: $6.29
- 200 Day Moving Avg: $6.72
- 52 Week Range: $5.07 - $9.54
Sales & Book Value:
- Trailing P/E Ratio: 15.11
- Foreward P/E Ratio: 8.91
- P/E Growth: 1.51
- Annual Revenue: $438.93 million
- Price / Sales: 1.46
- Book Value: $11.34 per share
- Price / Book: 0.53
- Annual Dividend: $0.40
- Dividend Yield: 6.7%
- EBIDTA: $280.04 million
- Net Margins: 12.70%
- Return on Equity: 8.94%
- Return on Assets: 3.83%
- Debt-to-Equity Ratio: 0.92%
- Current Ratio: 0.94%
- Quick Ratio: 0.90%
- Average Volume: 701,539 shs.
- Beta: 2.22
- Short Ratio: 3.34
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 declared a quarterly dividend on Monday, July 3rd. Investors of record on Monday, July 24th will be given a dividend of $0.10 per share on Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Thursday, July 20th. View Costamare's Dividend History.
How were Costamare's earnings last quarter?
Costamare Inc. (NYSE:CMRE) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm earned $104.10 million during the quarter, compared to analyst estimates of $104.23 million. Costamare had a net margin of 12.70% and a return on equity of 8.94%. The company's quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 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?
7 analysts have issued twelve-month target prices for Costamare's shares. Their forecasts range from $5.50 to $13.00. On average, they anticipate Costamare's share price to reach $8.50 in the next year. View Analyst Ratings for Costamare.
Who are some of Costamare's key competitors?
Some companies that are related to Costamare include Golden Ocean Group Limited (GOGL), Seaspan Corporation (SSW), Star Bulk Carriers Corp. (SBLK), Scorpio Bulkers (SALT), International Seaways (INSW), Capital Product Partners L.P. (CPLP), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Navios Maritime Partners LP (NMM), Safe Bulkers (SB), Ardmore Shipping Corporation (ASC), Danaos Corporation (DAC), Hornbeck Offshore Services (HOS), StealthGas (GASS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA) and DryShips (DRYS).
Who are Costamare's key executives?
Costamare's management team includes the folowing people:
- Konstantinos Konstantakopoulos, Chairman of the Board, Chief Executive Officer
- Gregory Zikos, Chief Financial Officer, Director, IR Contact Officer
- Anastassios Gabrielides, General Counsel, Secretary
- Konstantinos Zacharatos, Director
- Vagn Lehd Moller, Independent Director
- Charlotte Stratos, Independent Director
Who owns Costamare stock?
Costamare's stock is owned by a variety of of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (2.69%), Global X Management Co. LLC (1.54%), York Capital Management Global Advisors LLC (1.09%), Q Global Advisors LLC (0.93%), Chiron Investment Management LLC (0.88%) and Dimensional Fund Advisors LP (0.90%). 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 Boston Partners, Parametric Portfolio Associates LLC, James Investment Research Inc., SG Americas Securities LLC, Numeric Investors LLC, Barnett & Company Inc., Signia Capital Management LLC and HighTower Advisors LLC. View Insider Buying and Selling for Costamare.
Who bought Costamare stock? Who is buying Costamare stock?
Costamare's stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Q Global Advisors LLC, Chiron Investment Management LLC, Dimensional Fund Advisors LP, Thrivent Financial For Lutherans, Acadian Asset Management LLC, Laurion Capital Management LP and Algert Global 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.
What is Costamare's stock price today?
MarketBeat Community Rating for Costamare (NYSE CMRE)MarketBeat's community ratings are surveys of what our community members think about Costamare and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Costamare stock can currently be purchased for approximately $6.06.
Consensus Ratings for Costamare (NYSE:CMRE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$8.50 (40.26% upside)|
Analysts' Ratings History for Costamare (NYSE:CMRE)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Stifel Nicolaus||Reiterated Rating||Hold||$7.00||Low|
|5/1/2017||Credit Suisse Group||Upgrade||Underperform -> Neutral||$8.00||High|
|2/13/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$9.00||N/A|
|2/7/2017||Citigroup Inc.||Initiated Coverage||Neutral||$5.50||N/A|
|2/1/2017||Morgan Stanley||Upgrade||Equal Weight -> Overweight||$7.00||N/A|
|10/5/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$12.00 -> $13.00||N/A|
|10/3/2016||Barclays PLC||Lower Price Target||Equal Weight||$11.00 -> $10.00||N/A|
|6/17/2016||Clarkson Capital||Downgrade||Buy -> Neutral||N/A|
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||6/30/2017||$0.20||$0.21||$104.23 million||$104.10 million||View||N/A|
|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: $0.82 EPS
Next Year EPS Consensus Estimate: $0.68 EPS
Current Dividend Information for Costamare (NYSE:CMRE)
|Most Recent Dividend:||8/7/2017|
|Dividend Growth:||-3.50% (3 Year Average)|
|Payout Ratio:||105.27% (Trailing 12 Months of Earnings) |
48.78% (Based on This Year's Estimates)
58.82% (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)
|Daily Technical Summary Reports on Shipping Stocks -- Costamare, Diana Shipping, Gener8 Maritime, and Navios Maritime Acquisition|
www.bizjournals.com - September 19 at 5:19 PM
|ETFs with exposure to Costamare Inc. : September 14, 2017|
finance.yahoo.com - September 14 at 11:07 PM
|Costamare Inc. :CMRE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 13, 2017|
finance.yahoo.com - September 13 at 6:34 PM
|Costamare (CMRE) vs. Scorpio Bulkers (SALT) Financial Survey|
www.americanbankingnews.com - September 12 at 10:24 PM
|Costamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - September 12 at 6:48 PM
|Costamare Inc. (CMRE) Expected to Post Quarterly Sales of $104.69 Million|
www.americanbankingnews.com - September 10 at 5:20 AM
|Zacks: Brokerages Expect Costamare Inc. (CMRE) to Post $0.19 Earnings Per Share|
www.americanbankingnews.com - September 8 at 12:22 PM
|Hornbeck Offshore Services (HOS) vs. Costamare (CMRE) Financial Contrast|
www.americanbankingnews.com - September 8 at 6:10 AM
|Costamare Inc. (CMRE) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - September 5 at 5:16 PM
|Costamare Inc. (CMRE) Cut to Hold at ValuEngine|
www.americanbankingnews.com - September 3 at 5:52 PM
|Zacks Investment Research Upgrades Costamare Inc. (CMRE) to Hold|
www.americanbankingnews.com - August 28 at 5:36 PM
|Costamare Inc. (CMRE) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - August 18 at 6:32 PM
|Costamare (NYSE:CMRE) vs. Diana Shipping inc. (DSX) Financial Survey|
www.americanbankingnews.com - August 9 at 12:10 AM
|Container Shipping Supply Side Update (July 2017) - Seeking Alpha|
seekingalpha.com - August 8 at 5:04 PM
|$100.59 Million in Sales Expected for Costamare Inc. (NYSE:CMRE) This Quarter|
www.americanbankingnews.com - August 4 at 8:26 AM
|Costamare Inc. (NYSE:CMRE) Upgraded at ValuEngine|
www.americanbankingnews.com - August 3 at 12:06 AM
|$0.19 Earnings Per Share Expected for Costamare Inc. (NYSE:CMRE) This Quarter|
www.americanbankingnews.com - August 2 at 4:30 PM
|BidaskClub Lowers Costamare Inc. (NYSE:CMRE) to Sell|
www.americanbankingnews.com - July 29 at 7:21 PM
|Costamare Inc. Announces 2017 Annual Meeting of Stockholders|
finance.yahoo.com - July 27 at 5:39 PM
|Edited Transcript of CMRE earnings conference call or presentation 26-Jul-17 12:30pm GMT|
finance.yahoo.com - July 27 at 3:30 AM
|Costamare's (CMRE) Q2 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - July 26 at 5:56 PM
|Investor Network: Costamare Inc. to Host Earnings Call|
finance.yahoo.com - July 26 at 5:56 PM
|Costamare Inc. (NYSE:CMRE) Releases Earnings Results, Beats Estimates By $0.01 EPS|
www.americanbankingnews.com - July 26 at 1:14 PM
|Costamare beats 2Q profit forecasts|
finance.yahoo.com - July 25 at 10:26 PM
|Costamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2017|
finance.yahoo.com - July 25 at 5:19 PM
|Costamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - July 24 at 6:50 PM
|Costamare Inc. (CMRE) Downgraded by BidaskClub|
www.americanbankingnews.com - July 23 at 6:52 PM
|Costamare Inc. (CMRE) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq|
www.nasdaq.com - July 20 at 7:13 PM
|Costamare Inc. Sets the Date for Its Second Quarter 2017 Results Release, Conference Call and Webcast|
finance.yahoo.com - July 18 at 6:51 PM
|Costamare Inc. (CMRE) to Release Earnings on Tuesday|
www.americanbankingnews.com - July 18 at 9:09 AM
|A 9.4% Preferred Yield From A Profitable Shipper With A $5 Billion Revenue Backlog - Seeking Alpha|
seekingalpha.com - July 17 at 5:41 PM
|Critical Survey: Diana Containerships (DCIX) and Costamare (CMRE)|
www.americanbankingnews.com - July 15 at 12:03 PM
|Costamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE)|
www.americanbankingnews.com - July 15 at 11:02 AM
|Costamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus|
www.americanbankingnews.com - July 15 at 10:34 AM
|$103.96 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter|
www.americanbankingnews.com - July 13 at 11:00 AM
|Comparing Costamare (NYSE:CMRE) and Golden Ocean Group Limited (GOGL)|
www.americanbankingnews.com - July 11 at 12:22 PM
|$0.23 EPS Expected for Costamare Inc. (NYSE:CMRE) This Quarter|
www.americanbankingnews.com - July 11 at 10:32 AM
|Costamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : July 10, 2017|
finance.yahoo.com - July 10 at 5:21 PM
|Costamare Inc. (CMRE) Rating Increased to Buy at BidaskClub|
www.americanbankingnews.com - July 8 at 12:22 PM
|How Seaspan Corporation Makes Most of Its Money|
finance.yahoo.com - July 5 at 6:01 PM
|Form 6-K Costamare Inc. For: Jul 03 - StreetInsider.com|
www.streetinsider.com - July 5 at 4:28 AM
|Costamare Inc. (NYSE:CMRE) Rating Lowered to Strong Sell at Zacks Investment Research|
www.americanbankingnews.com - July 3 at 5:44 PM
|Form 6-K Costamare Inc. For: Jul 03|
www.streetinsider.com - July 3 at 5:18 PM
|Costamare Inc. – Value Analysis (NYSE:CMRE) : July 3, 2017|
finance.yahoo.com - July 3 at 5:18 PM
|Costamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : June 30, 2017|
finance.yahoo.com - June 30 at 5:28 PM
|ETFs with exposure to Costamare Inc. : June 28, 2017|
finance.yahoo.com - June 28 at 5:15 PM
|Costamare Inc. (CMRE) Short Interest Update|
www.americanbankingnews.com - June 16 at 8:21 AM
|Costamare Inc. (CMRE) Expected to Post Earnings of $0.24 Per Share|
www.americanbankingnews.com - June 15 at 8:12 AM
|Costamare (CMRE) versus Golar LNG Partners (GMLP) Critical Contrast|
www.americanbankingnews.com - June 12 at 2:06 PM
|Costamare Inc (CMRE) Cut to "Hold" at ValuEngine|
www.americanbankingnews.com - June 4 at 10:32 PM
Costamare (CMRE) Chart for Tuesday, September, 19, 2017