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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Safest Option in Trades! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Safest Option in Trades! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Safest Option in Trades! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
NYSE:CMRE

Costamare - CMRE Stock Forecast, Price & News

$11.96
+0.07 (+0.59%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.62
$11.99
50-Day Range
$10.41
$14.56
52-Week Range
$10.24
$18.01
Volume
493,788 shs
Average Volume
556,133 shs
Market Capitalization
$1.48 billion
P/E Ratio
3.02
Dividend Yield
3.87%
Price Target
$17.67

Costamare MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
47.7% Upside
$17.67 Price Target
Short Interest
Healthy
4.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of Costamare in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.01%
From $3.87 to $4.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Transportation Sector

7th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 stocks

CMRE stock logo

About Costamare (NYSE:CMRE) Stock

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMRE. Jefferies Financial Group started coverage on shares of Costamare in a report on Wednesday, July 20th. They set a "buy" rating and a $19.00 price target for the company. Stifel Nicolaus dropped their target price on Costamare from $16.00 to $15.00 in a report on Tuesday, July 19th. Finally, StockNews.com upgraded Costamare from a "hold" rating to a "buy" rating in a research note on Friday, July 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $17.67.

Costamare Stock Up 0.6 %

Shares of NYSE:CMRE traded up $0.07 during trading on Friday, hitting $11.96. 493,788 shares of the company were exchanged, compared to its average volume of 556,133. The firm's 50 day moving average price is $11.80 and its 200-day moving average price is $13.67. Costamare has a 12-month low of $10.24 and a 12-month high of $18.01. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.76 and a quick ratio of 1.71. The stock has a market capitalization of $1.48 billion, a P/E ratio of 3.02 and a beta of 1.41.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Thursday, July 21st were given a $0.115 dividend. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $0.46 dividend on an annualized basis and a yield of 3.85%. Costamare's dividend payout ratio (DPR) is presently 11.62%.

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CMRE Stock News Headlines

Analysts Anticipate CVY To Hit $26 - Nasdaq
New $2.2 Quadrillion Trend About To Open Up
Massive Opportunities For Investorspixel
The Day of Financial Reckoning Is Near
The cycles that accurately warned of the Great Depression and every major investment event since … are now warning that the most severe geopolitical earthquake of this century has just begun. This crisis is so urgent that Weiss Ratings cycles expert Sean Brodrick and I held an emergency summit to prepare investors for the fallout.
See More Headlines
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CMRE Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 8/8 Dividend
7/20/2022
Dividend Payable
8/08/2022
Today
8/14/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
2,750
Year Founded
1974

Price Target and Rating

Average Stock Price Forecast
$17.67
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+47.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$435.12 million
Pretax Margin
49.23%

Debt

Sales & Book Value

Annual Sales
$793.64 million
Cash Flow
$3.86 per share
Book Value
$15.14 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.48 billion
Optionable
Optionable
Beta
1.41

Social Links















CMRE Stock - Frequently Asked Questions

Should I buy or sell Costamare stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMRE shares.
View CMRE analyst ratings
or view top-rated stocks.

What is Costamare's stock price forecast for 2022?

4 analysts have issued 12-month target prices for Costamare's stock. Their CMRE share price forecasts range from $15.00 to $19.00. On average, they anticipate the company's share price to reach $17.67 in the next twelve months. This suggests a possible upside of 47.7% from the stock's current price.
View analysts price targets for CMRE
or view top-rated stocks among Wall Street analysts.

How have CMRE shares performed in 2022?

Costamare's stock was trading at $12.65 at the beginning of the year. Since then, CMRE shares have decreased by 5.5% and is now trading at $11.96.
View the best growth stocks for 2022 here
.

Are investors shorting Costamare?

Costamare saw a decline in short interest in July. As of July 31st, there was short interest totaling 2,070,000 shares, a decline of 23.3% from the July 15th total of 2,700,000 shares. Based on an average trading volume of 826,800 shares, the short-interest ratio is currently 2.5 days. Currently, 4.3% of the shares of the stock are sold short.
View Costamare's Short Interest
.

When is Costamare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CMRE earnings forecast
.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) posted its quarterly earnings data on Tuesday, October, 26th. The shipping company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.10. The shipping company had revenue of $216.23 million for the quarter, compared to analyst estimates of $228.60 million. Costamare had a net margin of 49.23% and a trailing twelve-month return on equity of 25.50%. During the same quarter last year, the firm earned $0.22 earnings per share.

How often does Costamare pay dividends? What is the dividend yield for Costamare?

Costamare declared a quarterly dividend on Friday, July 1st. Shareholders of record on Thursday, July 21st will be paid a dividend of $0.115 per share on Monday, August 8th. This represents a $0.46 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, July 20th.
Read our dividend analysis for CMRE
.

Is Costamare a good dividend stock?

Costamare (NYSE:CMRE) pays an annual dividend of $0.46 per share and currently has a dividend yield of 3.87%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 11.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

What other stocks do shareholders of Costamare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Costamare investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), AT&T (T), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Textainer Group (TGH), Energy Transfer (ET), AGNC Investment (AGNC) and DHT (DHT).

What is Costamare's stock symbol?

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

Who are Costamare's major shareholders?

Costamare's stock is owned by many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.93%), Denali Advisors LLC (0.25%), Beck Capital Management LLC (0.20%), Horizon Kinetics Asset Management LLC (0.18%), Healthcare of Ontario Pension Plan Trust Fund (0.17%) and Commonwealth Equity Services LLC (0.12%).

How do I buy shares of Costamare?

Shares of CMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Costamare's stock price today?

One share of CMRE stock can currently be purchased for approximately $11.96.

How much money does Costamare make?

Costamare (NYSE:CMRE) has a market capitalization of $1.48 billion and generates $793.64 million in revenue each year. The shipping company earns $435.12 million in net income (profit) each year or $3.96 on an earnings per share basis.

How many employees does Costamare have?

The company employs 2,750 workers across the globe.

When was Costamare founded?

Costamare was founded in 1974.

How can I contact Costamare?

Costamare's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The official website for the company is www.costamare.com. The shipping company can be reached via phone at (779) 325-0940, via email at ir@costamare.com, or via fax at 377-9325-0942.

This page (NYSE:CMRE) was last updated on 8/14/2022 by MarketBeat.com Staff

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