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. 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.

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.

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

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.

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), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Safe Bulkers (SB), Navios Maritime Partners LP (NMM), Ardmore Shipping Corporation (ASC), Danaos Corporation (DAC), StealthGas (GASS), Hornbeck Offshore Services (HOS), DryShips (DRYS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA) and Diana Containerships (DCIX).

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 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.

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.

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.

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 $6.29.