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: www.costamare.com
Capitalization:
  • Market Cap: $712.31 million
  • Outstanding Shares: 91,589,000
Average Prices:
  • 50 Day Moving Avg: $6.90
  • 200 Day Moving Avg: $6.60
  • 52 Week Range: $5.07 - $10.45
P/E:
  • Trailing P/E Ratio: 11.07
  • Foreward P/E Ratio: 8.62
  • P/E Growth: -0.92
Sales & Book Value:
  • Annual Revenue: $453.44 million
  • Price / Sales: 1.34
  • Book Value: $11.94 per share
  • Price / Book: 0.56
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 5.9%
Profitability:
  • EBIDTA: $295.35 million
  • Net Margins: 15.38%
  • Return on Equity: 10.50%
  • Return on Assets: 4.27%
Debt:
  • Debt-to-Equity Ratio: 1.03%
  • Current Ratio: 0.66%
  • Quick Ratio: 0.63%
Misc:
  • Average Volume: 980,297 shs.
  • Beta: 2.23
  • 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. Stockholders of record on Monday, July 24th will be given a dividend of $0.10 per share on Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Thursday, July 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) announced its quarterly earnings data on Thursday, April, 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business earned $105.52 million during the quarter, compared to analysts' expectations of $103.41 million. Costamare had a return on equity of 10.50% and a net margin of 15.38%. The company's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. View Costamare's Earnings History.

When will Costamare make its next earnings announcement?

Costamare is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Costamare.

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

7 equities research analysts have issued 12-month price targets for Costamare's shares. Their predictions range from $5.50 to $13.00. On average, they anticipate Costamare's stock price to reach $8.50 in the next twelve months. 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 variety of of institutional and retail investors. Top institutional shareholders include James Investment Research Inc. (0.20%), Adams Diversified Equity Fund Inc. (0.15%), Nisa Investment Advisors LLC (0.05%) and US Bancorp DE (0.02%). 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 James Investment Research Inc.. View Insider Buying and Selling for Costamare.

Who bought Costamare stock? Who is buying Costamare stock?

Costamare's stock was bought by a variety of institutional investors in the last quarter, including Adams Diversified Equity Fund Inc. and Nisa Investment Advisors 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 $6.64.


MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  313
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 (28.01% upside)

Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
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 7/25/2015 forward)

Earnings

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
7/25/20176/30/2017$0.23N/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)

Estimates

Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.87 EPS
Next Year EPS Consensus Estimate: $0.77 EPS

Dividends

Current Dividend Information for Costamare (NYSE:CMRE)
Next Dividend:8/7/2017
Annual Dividend:$0.40
Dividend Yield:6.02%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:64.52% (Trailing 12 Months of Earnings)
45.98% (Based on This Year's Estimates)
51.95% (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
7/3/2017Quarterly$0.105.56%7/20/20177/24/20178/7/2017
4/4/2017quarterly$0.106.12%4/19/20174/21/20175/8/2017
1/4/2017quarterly$0.106.46%1/19/20171/23/20172/6/2017
10/4/2016Quarterly$0.105.4%10/19/201610/21/201611/4/2016
7/7/2016quarterly$0.2916.02%8/1/20168/3/20168/17/2016
4/4/2016quarterly$0.2913.11%4/15/20164/19/20165/4/2016
1/5/2016quarterly$0.2912.28%1/19/20161/21/20162/4/2016
10/2/2015quarterly$0.299.04%10/19/201510/21/201511/4/2015
7/6/2015quarterly$0.296.41%7/20/20157/22/20158/5/2015
4/2/2015quarterly$0.296.62%4/17/20154/21/20155/6/2015
1/7/2015quarterly$0.287%1/16/20151/21/20152/4/2015
10/7/2014quarterly$0.285.49%10/20/201410/22/201411/5/2014
7/8/2014quarterly$0.284.84%7/21/20147/23/20148/6/2014
4/29/2014quarterly$0.285.22%5/7/20145/9/20145/13/2014
1/6/2014quarterly$0.276.05%1/16/20141/21/20142/4/2014
10/8/2013quarterly$0.276.45%10/21/201310/23/201311/6/2013
7/10/2013quarterly$0.275.95%7/22/20137/24/20138/7/2013
4/10/2013quarterly$0.276.87%4/22/20134/24/20135/8/2013
1/17/2013quarterly$0.277.09%1/28/20131/30/20132/13/2013
(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 MarketBeat.com

Headlines

Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
Source:
DateHeadline
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 24 at 6:50 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Downgraded by BidaskClub
www.americanbankingnews.com - July 23 at 6:52 PM
nasdaq.com logoCostamare Inc. (CMRE) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq
www.nasdaq.com - July 20 at 7:13 PM
finance.yahoo.com logoCostamare Inc. Sets the Date for Its Second Quarter 2017 Results Release, Conference Call and Webcast
finance.yahoo.com - July 18 at 6:51 PM
americanbankingnews.com logoCostamare Inc. (CMRE) to Release Earnings on Tuesday
www.americanbankingnews.com - July 18 at 9:09 AM
seekingalpha.com logoA 9.4% Preferred Yield From A Profitable Shipper With A $5 Billion Revenue Backlog - Seeking Alpha
seekingalpha.com - July 17 at 5:41 PM
americanbankingnews.com logoCritical Survey: Diana Containerships (DCIX) and Costamare (CMRE)
www.americanbankingnews.com - July 15 at 12:03 PM
americanbankingnews.com logoCostamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE)
www.americanbankingnews.com - July 15 at 11:02 AM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - July 15 at 10:34 AM
americanbankingnews.com logo$103.96 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter
www.americanbankingnews.com - July 13 at 11:00 AM
americanbankingnews.com logoComparing Costamare (NYSE:CMRE) and Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - July 11 at 12:22 PM
americanbankingnews.com logo$0.23 EPS Expected for Costamare Inc. (NYSE:CMRE) This Quarter
www.americanbankingnews.com - July 11 at 10:32 AM
finance.yahoo.com logoCostamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : July 10, 2017
finance.yahoo.com - July 10 at 5:21 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - July 8 at 12:22 PM
finance.yahoo.com logoHow Seaspan Corporation Makes Most of Its Money
finance.yahoo.com - July 5 at 6:01 PM
streetinsider.com logoForm 6-K Costamare Inc. For: Jul 03 - StreetInsider.com
www.streetinsider.com - July 5 at 4:28 AM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Rating Lowered to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - July 3 at 5:44 PM
streetinsider.com logoForm 6-K Costamare Inc. For: Jul 03
www.streetinsider.com - July 3 at 5:18 PM
finance.yahoo.com logoCostamare Inc. – Value Analysis (NYSE:CMRE) : July 3, 2017
finance.yahoo.com - July 3 at 5:18 PM
finance.yahoo.com logoCostamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : June 30, 2017
finance.yahoo.com - June 30 at 5:28 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : June 28, 2017
finance.yahoo.com - June 28 at 5:15 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - June 27 at 4:28 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Short Interest Update
www.americanbankingnews.com - June 16 at 8:21 AM
americanbankingnews.com logoCostamare Inc. (CMRE) Expected to Post Earnings of $0.24 Per Share
www.americanbankingnews.com - June 15 at 8:12 AM
americanbankingnews.com logoCostamare (CMRE) versus Golar LNG Partners (GMLP) Critical Contrast
www.americanbankingnews.com - June 12 at 2:06 PM
americanbankingnews.com logoCostamare Inc (CMRE) Cut to "Hold" at ValuEngine
www.americanbankingnews.com - June 4 at 10:32 PM
americanbankingnews.com logoCostamare Inc (CMRE) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 2 at 8:48 AM
americanbankingnews.com logoCostamare Inc (CMRE) Given a $7.00 Price Target at Stifel Nicolaus
www.americanbankingnews.com - May 30 at 12:10 AM
seekingalpha.com logoCostamare: Sail Away With This Stock Now - Seeking Alpha
seekingalpha.com - May 28 at 4:39 PM
nasdaq.com logoMid-Morning Market Update: Markets Open Higher; Best Buy Tops Q1 Estimates
www.nasdaq.com - May 26 at 4:53 PM
seekingalpha.com logoWeathering The Storm In Shipping
seekingalpha.com - May 26 at 4:53 PM
streetinsider.com logoCostamare (CMRE) Prices 13.5M Share Offering at $7.10/Sh
www.streetinsider.com - May 26 at 4:53 PM
finance.yahoo.com logoCostamare Inc. Announces Pricing of its Public Offering of Common Stock
finance.yahoo.com - May 26 at 4:53 PM
fool.com logoWhy Costamare Inc. Stock Just Sank 9%
www.fool.com - May 25 at 1:26 PM
finance.yahoo.com logoCostamare Inc. Announces Public Offering of Common Stock
finance.yahoo.com - May 24 at 9:15 PM
nasdaq.com logoIs Costamare (CMRE) a Great Stock for Value Investors? - Nasdaq
www.nasdaq.com - May 24 at 12:44 PM
finance.yahoo.com logoIs Costamare (CMRE) a Great Stock for Value Investors?
finance.yahoo.com - May 24 at 12:44 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : May 22, 2017
finance.yahoo.com - May 22 at 4:14 PM
americanbankingnews.com logoShort Interest in Costamare Inc (CMRE) Grows By 58.2%
www.americanbankingnews.com - May 16 at 7:02 AM
finance.yahoo.com logoIs Seaspan Corporation About to Turn the Corner?
finance.yahoo.com - May 15 at 12:06 PM
bizjournals.com logoResearch Reports Coverage on Shipping Stocks -- Costamare, Navios Maritime, Gener8 Maritime, and Capital Product Partners
www.bizjournals.com - May 12 at 4:55 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : May 9, 2017
finance.yahoo.com - May 9 at 9:23 PM
finance.yahoo.com logoCostamare Inc. :CMRE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 4:17 PM
americanbankingnews.com logoCostamare Inc (CMRE) Raised to "C" at TheStreet
www.americanbankingnews.com - May 3 at 5:34 PM
americanbankingnews.com logoCostamare (CMRE) Receives News Impact Rating of 0.36
www.americanbankingnews.com - May 3 at 1:00 AM
finance.yahoo.com logoCostamare Inc.: Leads amongst peers with strong fundamentals
finance.yahoo.com - May 2 at 7:42 PM
fool.com logoWhy Costamare Shares Just Jumped 14.5%
www.fool.com - May 1 at 12:46 PM
americanbankingnews.com logoCredit Suisse Group AG Upgrades Costamare Inc (CMRE) to "Neutral"
www.americanbankingnews.com - May 1 at 10:27 AM
streetinsider.com logoCredit Suisse Upgrades Costamare Inc. (CMRE) to Neutral - StreetInsider.com
www.streetinsider.com - May 1 at 8:35 AM
seekingalpha.com logoCostamare's (CMRE) Management Discusses Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 30 at 7:18 AM

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Chart

Costamare (CMRE) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff