Costamare Company Profile (NYSE:CMRE)

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

Costamare declared a quarterly dividend on Monday, October 2nd. Stockholders of record on Monday, October 23rd will be given a dividend of $0.10 per share on Monday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Friday, October 20th. View Costamare's Dividend History.

Costamare Inc. (NYSE:CMRE) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.01. The firm had revenue of $104.10 million for 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 revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. View Costamare's Earnings History.

Costamare is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Costamare.

5 analysts have issued twelve-month target prices for Costamare's shares. Their forecasts range from $5.50 to $9.00. On average, they expect Costamare's share price to reach $7.30 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. " (10/12/2017)
• 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), Safe Bulkers (SB), Navios Maritime Partners LP (NMM), Ardmore Shipping Corporation (ASC), Danaos Corporation (DAC), StealthGas (GASS), Hornbeck Offshore Services (HOS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA), DryShips (DRYS) and Baltic Trading Ltd (BALT).

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

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 $6.16.