Costamare Company Profile (NYSE:CMRE)

About Costamare (NYSE:CMRE)

Costamare logoCostamare Inc. (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company's fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Deep Sea Freight
  • Sub-Industry: N/A
  • Symbol: NYSE:CMRE
  • CUSIP: N/A
  • Web:
  • Market Cap: $665.74 million
  • Outstanding Shares: 105,990,000
Average Prices:
  • 50 Day Moving Avg: $6.75
  • 200 Day Moving Avg: $6.65
  • 52 Week Range: $5.07 - $9.54
  • Trailing P/E Ratio: 15.69
  • Foreward P/E Ratio: 8.74
  • P/E Growth: -0.81
Sales & Book Value:
  • Annual Revenue: $438.93 million
  • Price / Sales: 1.52
  • Book Value: $11.34 per share
  • Price / Book: 0.55
  • Annual Dividend: $0.40
  • Dividend Yield: 6.4%
  • EBIDTA: $280.04 million
  • Net Margins: 12.70%
  • Return on Equity: 8.94%
  • Return on Assets: 3.83%
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.90%
  • Average Volume: 925,111 shs.
  • Beta: 2.21
  • Short Ratio: 3.34

Frequently Asked Questions for Costamare (NYSE:CMRE)

What is Costamare's stock symbol?

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

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

Costamare announced a quarterly dividend on Monday, July 3rd. Shareholders 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 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Thursday, July 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

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

When will Costamare make its next earnings announcement?

Costamare is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Costamare.

Where is Costamare's stock going? Where will Costamare's stock price be in 2017?

7 brokers have issued 1 year target prices for Costamare's stock. Their forecasts range from $5.50 to $13.00. On average, they expect Costamare's stock price to reach $8.50 in the next year. View Analyst Ratings for Costamare.

What are analysts saying about Costamare stock?

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)

Who are some of Costamare's key competitors?

Who are Costamare's key executives?

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

Who owns Costamare stock?

Costamare's stock is owned by a number of of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (2.69%), Global X Management Co. LLC (1.54%), York Capital Management Global Advisors LLC (1.09%), Q Global Advisors LLC (0.93%), Chiron Investment Management LLC (0.88%) and Dimensional Fund Advisors LP (0.90%). View Institutional Ownership Trends for Costamare.

Who sold Costamare stock? Who is selling Costamare stock?

Costamare's stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Parametric Portfolio Associates LLC, James Investment Research Inc., SG Americas Securities LLC, Numeric Investors LLC, Barnett & Company Inc., Signia Capital Management LLC and HighTower Advisors LLC. View Insider Buying and Selling for Costamare.

Who bought Costamare stock? Who is buying Costamare stock?

Costamare's stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Q Global Advisors LLC, Chiron Investment Management LLC, Dimensional Fund Advisors LP, Thrivent Financial For Lutherans, Acadian Asset Management LLC, Laurion Capital Management LP and Algert Global LLC. View Insider Buying and Selling for Costamare.

How do I buy Costamare stock?

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.

What is Costamare's stock price today?

One share of Costamare stock can currently be purchased for approximately $6.29.

MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  131 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  349
MarketBeat's community ratings are surveys of what our community members think about Costamare and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Costamare (NYSE:CMRE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $8.50 (35.14% upside)

Analysts' Ratings History for Costamare (NYSE:CMRE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Stifel NicolausReiterated RatingHold$7.00LowView Rating Details
5/1/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$8.00HighView Rating Details
2/13/2017Wells Fargo & CompanyUpgradeMarket Perform -> Outperform$9.00N/AView Rating Details
2/7/2017Citigroup Inc.Initiated CoverageNeutral$5.50N/AView Rating Details
2/1/2017Morgan StanleyUpgradeEqual Weight -> Overweight$7.00N/AView Rating Details
10/5/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$12.00 -> $13.00N/AView Rating Details
10/3/2016Barclays PLCLower Price TargetEqual Weight$11.00 -> $10.00N/AView Rating Details
6/17/2016Clarkson CapitalDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 8/21/2015 forward)


Earnings History for Costamare (NYSE:CMRE)
Earnings by Quarter for Costamare (NYSE:CMRE)
Earnings History by Quarter for Costamare (NYSE CMRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/23/2017$0.19N/AView Earnings Details
7/25/20176/30/2017$0.20$0.21$104.23 million$104.10 millionViewN/AView Earnings Details
4/27/20173/31/2017$0.21$0.23$103.41 million$105.52 millionViewN/AView Earnings Details
1/26/2017Q416$0.26$0.28$110.51 million$110.13 millionViewN/AView Earnings Details
10/24/2016Q316$0.35$0.37$114.20 million$115.50 millionViewN/AView Earnings Details
7/27/2016Q2$0.40$0.42$119.37 million$117.90 millionViewN/AView Earnings Details
4/20/2016Q116$0.39$0.45$121.06 million$120.27 millionViewN/AView Earnings Details
1/27/2016Q415$0.38$0.44$124.87 million$122.28 millionViewListenView Earnings Details
10/21/2015Q315$0.39$0.46$123.61 million$124.00 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.46$121.39 million$123.20 millionViewListenView Earnings Details
4/28/2015Q115$0.31$0.38$119.33 million$120.90 millionViewN/AView Earnings Details
2/4/2015Q414$0.37$0.41$120.50 million$120.86 millionViewN/AView Earnings Details
10/31/2014Q314$0.38$0.38$124.70 million$124.73 millionViewN/AView Earnings Details
7/23/2014Q214$0.39$0.48$125.33 million$123.50 millionViewN/AView Earnings Details
4/29/2014Q114$0.34$0.35$120.25 million$117.50 millionViewN/AView Earnings Details
1/27/2014Q413$0.39$0.41$119.46 million$112.50 millionViewN/AView Earnings Details
10/23/2013Q313$0.36$0.38$113.75 million$110.10 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.32$0.37$103.16 million$100.00 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.24$0.29$94.20 million$94.80 millionViewN/AView Earnings Details
1/23/2013Q4 2012$0.29$0.32$99.62 million$95.20 millionViewN/AView Earnings Details
10/23/2012$0.27$0.31ViewN/AView Earnings Details
7/24/2012$0.28$0.32ViewN/AView Earnings Details
5/8/2012$0.36$0.41ViewN/AView Earnings Details
2/1/2012$0.46$0.54ViewN/AView Earnings Details
10/26/2011$0.47$0.51ViewN/AView Earnings Details
7/27/2011$0.45$0.45ViewN/AView Earnings Details
2/16/2011$0.31$0.33ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.83 EPS
Next Year EPS Consensus Estimate: $0.72 EPS


Current Dividend Information for Costamare (NYSE:CMRE)
Most Recent Dividend:8/7/2017
Annual Dividend:$0.40
Dividend Yield:6.36%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:105.27% (Trailing 12 Months of Earnings)
48.19% (Based on This Year's Estimates)
55.56% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Costamare (NYSE:CMRE)

Dividend History by Quarter for Costamare (NYSE CMRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Costamare (NYSE:CMRE)
No insider trades for this company have been tracked by


Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
DateHeadline logoCostamare Inc. (CMRE) Receives Consensus Recommendation of "Hold" from Brokerages - August 18 at 6:32 PM logoCostamare (NYSE:CMRE) vs. Diana Shipping inc. (DSX) Financial Survey - August 9 at 12:10 AM logoContainer Shipping Supply Side Update (July 2017) - Seeking Alpha - August 8 at 5:04 PM logo$100.59 Million in Sales Expected for Costamare Inc. (NYSE:CMRE) This Quarter - August 4 at 8:26 AM logoCostamare Inc. (NYSE:CMRE) Upgraded at ValuEngine - August 3 at 12:06 AM logo$0.19 Earnings Per Share Expected for Costamare Inc. (NYSE:CMRE) This Quarter - August 2 at 4:30 PM logoBidaskClub Lowers Costamare Inc. (NYSE:CMRE) to Sell - July 29 at 7:21 PM logoCostamare Inc. Announces 2017 Annual Meeting of Stockholders - July 27 at 5:39 PM logoEdited Transcript of CMRE earnings conference call or presentation 26-Jul-17 12:30pm GMT - July 27 at 3:30 AM logoCostamare's (CMRE) Q2 2017 Results - Earnings Call Transcript - Seeking Alpha - July 26 at 5:56 PM logoInvestor Network: Costamare Inc. to Host Earnings Call - July 26 at 5:56 PM logoCostamare Inc. (NYSE:CMRE) Releases Earnings Results, Beats Estimates By $0.01 EPS - July 26 at 1:14 PM logoCostamare beats 2Q profit forecasts - July 25 at 10:26 PM logoCostamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2017 - July 25 at 5:19 PM logoCostamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages - July 24 at 6:50 PM logoCostamare Inc. (CMRE) Downgraded by BidaskClub - July 23 at 6:52 PM logoCostamare Inc. (CMRE) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq - July 20 at 7:13 PM logoCostamare Inc. Sets the Date for Its Second Quarter 2017 Results Release, Conference Call and Webcast - July 18 at 6:51 PM logoCostamare Inc. (CMRE) to Release Earnings on Tuesday - July 18 at 9:09 AM logoA 9.4% Preferred Yield From A Profitable Shipper With A $5 Billion Revenue Backlog - Seeking Alpha - July 17 at 5:41 PM logoCritical Survey: Diana Containerships (DCIX) and Costamare (CMRE) - July 15 at 12:03 PM logoCostamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE) - July 15 at 11:02 AM logoCostamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus - July 15 at 10:34 AM logo$103.96 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter - July 13 at 11:00 AM logoComparing Costamare (NYSE:CMRE) and Golden Ocean Group Limited (GOGL) - July 11 at 12:22 PM logo$0.23 EPS Expected for Costamare Inc. (NYSE:CMRE) This Quarter - July 11 at 10:32 AM logoCostamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : July 10, 2017 - July 10 at 5:21 PM logoCostamare Inc. (CMRE) Rating Increased to Buy at BidaskClub - July 8 at 12:22 PM logoHow Seaspan Corporation Makes Most of Its Money - July 5 at 6:01 PM logoForm 6-K Costamare Inc. For: Jul 03 - - July 5 at 4:28 AM logoCostamare Inc. (NYSE:CMRE) Rating Lowered to Strong Sell at Zacks Investment Research - July 3 at 5:44 PM logoForm 6-K Costamare Inc. For: Jul 03 - July 3 at 5:18 PM logoCostamare Inc. – Value Analysis (NYSE:CMRE) : July 3, 2017 - July 3 at 5:18 PM logoCostamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : June 30, 2017 - June 30 at 5:28 PM logoETFs with exposure to Costamare Inc. : June 28, 2017 - June 28 at 5:15 PM logoCostamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts - June 27 at 4:28 PM logoCostamare Inc. (CMRE) Short Interest Update - June 16 at 8:21 AM logoCostamare Inc. (CMRE) Expected to Post Earnings of $0.24 Per Share - June 15 at 8:12 AM logoCostamare (CMRE) versus Golar LNG Partners (GMLP) Critical Contrast - June 12 at 2:06 PM logoCostamare Inc (CMRE) Cut to "Hold" at ValuEngine - June 4 at 10:32 PM logoCostamare Inc (CMRE) Given Average Rating of "Hold" by Brokerages - June 2 at 8:48 AM logoCostamare Inc (CMRE) Given a $7.00 Price Target at Stifel Nicolaus - May 30 at 12:10 AM logoCostamare: Sail Away With This Stock Now - Seeking Alpha - May 28 at 4:39 PM logoMid-Morning Market Update: Markets Open Higher; Best Buy Tops Q1 Estimates - May 26 at 4:53 PM logoWeathering The Storm In Shipping - May 26 at 4:53 PM logoCostamare (CMRE) Prices 13.5M Share Offering at $7.10/Sh - May 26 at 4:53 PM logoCostamare Inc. Announces Pricing of its Public Offering of Common Stock - May 26 at 4:53 PM logoWhy Costamare Inc. Stock Just Sank 9% - May 25 at 1:26 PM logoCostamare Inc. Announces Public Offering of Common Stock - May 24 at 9:15 PM logoIs Costamare (CMRE) a Great Stock for Value Investors? - Nasdaq - May 24 at 12:44 PM



Costamare (CMRE) Chart for Monday, August, 21, 2017

This page was last updated on 8/21/2017 by Staff