Costamare Company Profile (NYSE:CMRE)

Costamare trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

Costamare announced a quarterly dividend on Monday, July 3rd. Investors of record on Monday, July 24th will be paid 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 5.94%. The ex-dividend date is Thursday, July 20th. View Costamare's Dividend History.

Costamare Inc. (NYSE:CMRE) posted its quarterly earnings results on Thursday, April, 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.02. The firm had revenue of $105.52 million for the quarter, compared to the consensus estimate of $103.41 million. Costamare had a return on equity of 10.50% and a net margin of 15.38%. Costamare's revenue 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.

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

7 equities research analysts have issued twelve-month price objectives for Costamare's stock. Their forecasts range from $5.50 to $13.00. On average, they anticipate Costamare's stock price to reach $8.50 in the next twelve months. View Analyst Ratings for Costamare.

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. " (7/3/2017)
• 2. Wells Fargo & Company 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)

Some companies that are related to Costamare include Golden Ocean Group Limited (GOGL), Seaspan Corporation (SSW), Star Bulk Carriers Corp. (SBLK), Scorpio Bulkers (SALT), Capital Product Partners L.P. (CPLP), Tsakos Energy Navigation Ltd (TNP), Diana Shipping inc. (DSX), Ardmore Shipping Corporation (ASC), Safe Bulkers (SB), Navios Maritime Partners LP (NMM), Danaos Corporation (DAC), StealthGas (GASS), Hornbeck Offshore Services (HOS), Global Ship Lease (GSL), Euroseas (ESEA), Baltic Trading Ltd (BALT), Diana Containerships (DCIX) and DryShips (DRYS).

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

Costamare's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include James Investment Research Inc. (0.20%), Adams Diversified Equity Fund Inc. (0.15%), Nisa Investment Advisors LLC (0.05%) and US Bancorp DE (0.02%). View Institutional Ownership Trends for Costamare.

Costamare's stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc.. View Insider Buying and Selling for Costamare.

Costamare's stock was acquired by a variety of institutional investors in the last quarter, including Adams Diversified Equity Fund Inc. and Nisa Investment Advisors LLC. View Insider Buying and Selling for Costamare.

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.

One share of Costamare stock can currently be purchased for approximately $6.73.