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NYSE:CMRECOSTAMARE INC/SH Stock Price, Forecast & News

$4.48
-0.15 (-3.24 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$4.42
Now: $4.48
$4.62
50-Day Range
$4.02
MA: $4.67
$5.46
52-Week Range
$3.16
Now: $4.48
$10.85
Volume424,848 shs
Average Volume580,413 shs
Market Capitalization$533.70 million
P/E Ratio5.15
Dividend Yield8.93%
Beta2.13
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.
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COSTAMARE INC/SH logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.03 out of 5 stars


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$478.11 million
Cash Flow$2.21 per share
Book Value$11.84 per share

Profitability

Net Income$99 million

Miscellaneous

Employees1,680
Market Cap$533.70 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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

How has COSTAMARE INC/SH's stock been impacted by COVID-19 (Coronavirus)?

COSTAMARE INC/SH's stock was trading at $5.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMRE stock has decreased by 20.1% and is now trading at $4.48. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of COSTAMARE INC/SH?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for COSTAMARE INC/SH in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for COSTAMARE INC/SH.

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

COSTAMARE INC/SH is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for COSTAMARE INC/SH.

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

COSTAMARE INC/SH (NYSE:CMRE) issued its earnings results on Wednesday, April, 29th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.01. The shipping company earned $121 million during the quarter, compared to analysts' expectations of $123.80 million. COSTAMARE INC/SH had a net margin of 27.42% and a return on equity of 11.36%. COSTAMARE INC/SH's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. View COSTAMARE INC/SH's earnings history.

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

COSTAMARE INC/SH announced a quarterly dividend on Thursday, April 2nd. Investors of record on Tuesday, April 21st will be given a dividend of $0.10 per share on Thursday, May 7th. This represents a $0.40 annualized dividend and a dividend yield of 8.93%. The ex-dividend date is Monday, April 20th. View COSTAMARE INC/SH's dividend history.

What price target have analysts set for CMRE?

1 brokerages have issued 1-year target prices for COSTAMARE INC/SH's shares. Their forecasts range from $7.50 to $7.50. On average, they expect COSTAMARE INC/SH's share price to reach $7.50 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price. View analysts' price targets for COSTAMARE INC/SH.

Has COSTAMARE INC/SH been receiving favorable news coverage?

News stories about CMRE stock have trended somewhat positive on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. COSTAMARE INC/SH earned a news impact score of 1.5 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutCOSTAMARE INC/SH.

Are investors shorting COSTAMARE INC/SH?

COSTAMARE INC/SH saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,950,000 shares, an increase of 27.5% from the April 30th total of 1,530,000 shares. Based on an average trading volume of 863,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.9% of the company's stock 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), AT&T (T), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), DHT (DHT), NGL Energy Partners (NGL), Energy Transfer LP Unit (ET) and ARBOR RLTY TR I/SH (ABR).

Who are COSTAMARE INC/SH's key executives?

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

What is COSTAMARE INC/SH's stock symbol?

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

Who are COSTAMARE INC/SH's major shareholders?

COSTAMARE INC/SH's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cape Ann Asset Management Ltd (2.27%), BlackRock Inc. (2.22%), Morgan Stanley (1.26%), State Street Corp (0.83%), JPMorgan Chase & Co. (0.73%) and Fuller & Thaler Asset Management Inc. (0.71%).

Which major investors are selling COSTAMARE INC/SH stock?

CMRE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Acadian Asset Management LLC, Squarepoint Ops LLC, Invesco Ltd., Deutsche Bank AG, Two Sigma Investments LP, Connor Clark & Lunn Investment Management Ltd., and Engineers Gate Manager LP.

Which major investors are buying COSTAMARE INC/SH stock?

CMRE stock was acquired by a variety of institutional investors in the last quarter, including Cape Ann Asset Management Ltd, JPMorgan Chase & Co., Navellier & Associates Inc, Wells Fargo & Company MN, Cavalier Investments LLC, Aigen Investment Management LP, Aperio Group LLC, and Bogle Investment Management L P DE.

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 $4.48.

How big of a company is COSTAMARE INC/SH?

COSTAMARE INC/SH has a market capitalization of $533.70 million and generates $478.11 million in revenue each year. The shipping company earns $99 million in net income (profit) each year or $0.91 on an earnings per share basis. COSTAMARE INC/SH employs 1,680 workers across the globe.

What is COSTAMARE INC/SH's official website?

The official website for COSTAMARE INC/SH is 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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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