NYSE:CMRE Costamare - CMRE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Costamare Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $10.35 +0.09 (+0.88%) (As of 02/7/2023 03:13 PM ET) Add Compare Share Share Today's Range$10.22▼$10.5350-Day Range$8.67▼$10.5652-Week Range$8.55▼$18.01Volume442,265 shsAverage Volume593,055 shsMarket Capitalization$1.26 billionP/E Ratio2.60Dividend Yield4.46%Price Target$14.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Costamare MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside38.4% Upside$14.33 Price TargetShort InterestHealthy4.21% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.12Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth9.46%From $3.49 to $3.82 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.86 out of 5 starsTransportation Sector9th out of 119 stocksDeep Sea Foreign Transportation Of Freight Industry3rd out of 29 stocks 3.3 Analyst's Opinion Consensus RatingCostamare has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.33, Costamare has a forecasted upside of 38.4% from its current price of $10.36.Amount of Analyst CoverageCostamare has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.21% of the float of Costamare has been sold short.Short Interest Ratio / Days to CoverCostamare has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Costamare has recently increased by 9.84%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCostamare is a leading dividend payer. It pays a dividend yield of 4.46%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCostamare does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Costamare is 11.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Costamare will have a dividend payout ratio of 12.04% next year. This indicates that Costamare will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CMRE. Previous Next 2.3 News and Social Media Coverage News SentimentCostamare has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Costamare this week, compared to 3 articles on an average week.Search Interest6 people have searched for CMRE on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Costamare to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Costamare insiders have not sold or bought any company stock.Percentage Held by Institutions48.80% of the stock of Costamare is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Costamare are expected to grow by 9.46% in the coming year, from $3.49 to $3.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Costamare is 2.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Costamare is 2.60, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 29.29.Price to Book Value per Share RatioCostamare has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Costamare (NYSE:CMRE) StockCostamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.Read More Receive CMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Costamare and its competitors with MarketBeat's FREE daily newsletter. Email Address CMRE Stock News HeadlinesFebruary 7, 2023 | seekingalpha.comCostamare Q4 2022 Earnings PreviewFebruary 6, 2023 | finance.yahoo.comCostamare (CMRE) to Report Q4 Earnings: What's in Store?February 7, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 3, 2023 | finance.yahoo.comCostamare Inc. Sets the Date for Its Fourth Quarter 2022 Results Release, Conference Call and WebcastFebruary 3, 2023 | finance.yahoo.comThose who invested in Costamare (NYSE:CMRE) five years ago are up 128%January 20, 2023 | finance.yahoo.comShould You Think About Buying Costamare Inc. (NYSE:CMRE) Now?January 13, 2023 | finance.yahoo.comEuronav NV (EURN) Soars 8.9%: Is Further Upside Left in the Stock?January 6, 2023 | finance.yahoo.comCostamare (NYSE:CMRE) Has Affirmed Its Dividend Of $0.115February 7, 2023 | Investing Trends (Ad)GRAPHITE: "Essential for America's National Defense"Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider. November 30, 2022 | finance.yahoo.comCostamare Inc. Announces Formation of New Dry Bulk Operating PlatformNovember 26, 2022 | finance.yahoo.comCostamare (NYSE:CMRE) Is Experiencing Growth In Returns On CapitalNovember 23, 2022 | finance.yahoo.comIs Trending Stock Costamare Inc. (CMRE) a Buy Now?November 20, 2022 | seekingalpha.comCostamare Glides On Charter DurationsNovember 12, 2022 | finance.yahoo.comCostamare Third Quarter 2022 Earnings: EPS: US$0.89 (vs US$0.87 in 3Q 2021)November 9, 2022 | finance.yahoo.comCostamare Inc. (CMRE) is Attracting Investor Attention: Here is What You Should KnowNovember 2, 2022 | finance.yahoo.comCostamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2022November 2, 2022 | finance.yahoo.comCostamare (CMRE) Q3 Earnings and Revenues Surpass EstimatesOctober 29, 2022 | finance.yahoo.comCostamare Inc. Sets the Date for Its Third Quarter 2022 Results Release, Conference Call and WebcastOctober 29, 2022 | finance.yahoo.comHere's Why Costamare (NYSE:CMRE) Has Caught The Eye Of InvestorsOctober 20, 2022 | seekingalpha.comCostamare E Series Undervalued Despite Mean Reversion (CMRE.PE) - Seeking AlphaOctober 17, 2022 | nasdaq.comCostamare About To Put More Money In Your Pocket (CMRE) - NasdaqOctober 15, 2022 | finance.yahoo.comThe Chairman & CEO of Costamare Inc. (NYSE:CMRE), Konstantinos Konstantakopoulos, Just Bought 3.2% More SharesOctober 14, 2022 | nasdaq.comCostamare Inc. (CMRE) Is a Trending Stock: Facts to Know Before Betting on It - NasdaqOctober 14, 2022 | finance.yahoo.comCostamare Inc. (CMRE) Is a Trending Stock: Facts to Know Before Betting on ItOctober 13, 2022 | nasdaq.comCostamare (NYSE:CMRE) Is Paying Out A Dividend Of $0.115 - NasdaqOctober 12, 2022 | nasdaq.comCostamare (CMRE) Stock Moves -0.23%: What You Should Know - NasdaqOctober 11, 2022 | finance.yahoo.comCostamare (CMRE) Stock Moves -0.23%: What You Should KnowSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Costamare and its competitors with MarketBeat's FREE daily newsletter. Email Address CMRE Company Calendar Last Earnings10/26/2021Ex-Dividend for 2/7 Dividend1/19/2023Today2/07/2023Dividend Payable2/07/2023Next Earnings (Confirmed)2/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:CMRE CUSIPN/A CIK1503584 Webwww.costamare.com Phone(779) 325-0940Fax377-9325-0942Employees2,750Year Founded1974Price Target and Rating Average Stock Price Forecast$14.33 High Stock Price Forecast$19.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+38.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.98 Trailing P/E Ratio2.60 Forward P/E Ratio2.97 P/E GrowthN/ANet Income$435.12 million Net Margins46.07% Pretax Margin46.07% Return on Equity25.08% Return on Assets10.05% Debt Debt-to-Equity Ratio1.17 Current Ratio1.98 Quick Ratio1.92 Sales & Book Value Annual Sales$793.64 million Price / Sales1.59 Cash Flow$3.85 per share Price / Cash Flow2.69 Book Value$13.98 per share Price / Book0.74Miscellaneous Outstanding Shares121,570,000Free FloatN/AMarket Cap$1.26 billion OptionableOptionable Beta1.41 Social Links Key ExecutivesKonstantinos Vasileios KonstantakopoulosChairman & Chief Executive OfficerGregory G. ZikosChief Financial Officer & DirectorAnastassios GabrielidesSecretary & General CounselKey CompetitorsDanaosNYSE:DACSFLNYSE:SFLDHTNYSE:DHTNavigatorNYSE:NVGSDorian LPGNYSE:LPGView All CompetitorsInsiders & InstitutionsGraham Capital Wealth Management LLCBought 73,810 shares on 2/7/2023Ownership: 0.061%Moors & Cabot Inc.Sold 2,000 shares on 2/7/2023Ownership: 0.037%Cutler Group LLC CASold 4,200 shares on 2/7/2023Ownership: 0.000%Simplex Trading LLCSold 20,300 shares on 2/2/2023Ownership: 0.000%Redwood Wealth Management Group LLCBought 10,700 shares on 2/1/2023Ownership: 0.009%View All Institutional Transactions CMRE Stock - Frequently Asked Questions Should I buy or sell Costamare stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 1 hold rating and 2 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 2023? 3 brokers have issued 1 year target prices for Costamare's shares. Their CMRE share price forecasts range from $11.00 to $19.00. On average, they predict the company's stock price to reach $14.33 in the next year. This suggests a possible upside of 39.6% 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 2023? Costamare's stock was trading at $9.28 at the start of the year. Since then, CMRE stock has increased by 10.7% and is now trading at $10.27. View the best growth stocks for 2023 here. Are investors shorting Costamare? Costamare saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,010,000 shares, an increase of 9.8% from the December 31st total of 1,830,000 shares. Based on an average daily volume of 617,200 shares, the short-interest ratio is currently 3.3 days. Currently, 4.2% of the company's shares are short sold. 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, February 8th 2023. View our CMRE earnings forecast. How can I listen to Costamare's earnings call? Costamare will be holding an earnings conference call on Wednesday, February 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8914429". How were Costamare's earnings last quarter? Costamare Inc. (NYSE:CMRE) announced its quarterly earnings results 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 46.07% and a trailing twelve-month return on equity of 25.08%. During the same quarter last year, the company posted $0.22 EPS. How often does Costamare pay dividends? What is the dividend yield for Costamare? Costamare declared a quarterly dividend on Tuesday, January 3rd. Investors of record on Friday, January 20th will be paid a dividend of $0.115 per share on Tuesday, February 7th. This represents a $0.46 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, January 19th. 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 4.46%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 11.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 12.04% 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 a number of retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (0.16%), Kendall Capital Management (0.10%), Graham Capital Wealth Management LLC (0.06%), SummerHaven Investment Management LLC (0.06%), Moors & Cabot Inc. (0.04%) and Simplex Trading LLC (0.00%). 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 $10.27. How much money does Costamare make? Costamare (NYSE:CMRE) has a market capitalization of $1.25 billion and generates $793.64 million in revenue each year. The shipping company earns $435.12 million in net income (profit) each year or $3.98 on an earnings per share basis. How many employees does Costamare have? The company employs 2,750 workers across the globe. 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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