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: $657.34 million
  • Outstanding Shares: 105,990,000
Average Prices:
  • 50 Day Moving Avg: $6.28
  • 200 Day Moving Avg: $6.72
  • 52 Week Range: $5.07 - $9.54
  • Trailing P/E Ratio: 14.96
  • Foreward P/E Ratio: 8.33
  • P/E Growth: 1.50
Sales & Book Value:
  • Annual Revenue: $438.93 million
  • Price / Sales: 1.45
  • Book Value: $11.34 per share
  • Price / Book: 0.53
  • Annual Dividend: $0.40
  • Dividend Yield: 6.5%
  • 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: 700,616 shs.
  • Beta: 2.22
  • 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 declared a quarterly dividend on Monday, July 3rd. Investors 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 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Thursday, July 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) released its earnings results on Tuesday, July, 25th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $104.10 million for the quarter, compared to analysts' expectations of $104.23 million. Costamare had a net margin of 12.70% and a return on equity of 8.94%. The business's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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 equities research analysts have issued 1 year price objectives for Costamare's stock. Their forecasts range from $5.50 to $13.00. On average, they anticipate Costamare's share price to reach $8.50 in the next year. View Analyst Ratings for Costamare.

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 many different 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 purchased 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 $6.00.

MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  147 (Vote Outperform)
Underperform Votes:  246 (Vote Underperform)
Total Votes:  393
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 (41.67% 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 9/23/2015 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:6.67%
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 (CMRE) & Its Competitors Head to Head Comparison - September 23 at 12:16 PM logoDaily Technical Summary Reports on Shipping Stocks -- Costamare, Diana Shipping, Gener8 Maritime, and Navios Maritime Acquisition - September 19 at 5:19 PM logoETFs with exposure to Costamare Inc. : September 14, 2017 - September 14 at 11:07 PM logoCostamare Inc. :CMRE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 13, 2017 - September 13 at 6:34 PM logoCostamare (CMRE) vs. Scorpio Bulkers (SALT) Financial Survey - September 12 at 10:24 PM logoCostamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts - September 12 at 6:48 PM logoCostamare Inc. (CMRE) Expected to Post Quarterly Sales of $104.69 Million - September 10 at 5:20 AM logoZacks: Brokerages Expect Costamare Inc. (CMRE) to Post $0.19 Earnings Per Share - September 8 at 12:22 PM logoHornbeck Offshore Services (HOS) vs. Costamare (CMRE) Financial Contrast - September 8 at 6:10 AM logoCostamare Inc. (CMRE) Upgraded at Zacks Investment Research - September 5 at 5:16 PM logoCostamare Inc. (CMRE) Cut to Hold at ValuEngine - September 3 at 5:52 PM logoZacks Investment Research Upgrades Costamare Inc. (CMRE) to Hold - August 28 at 5:36 PM 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) 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



Costamare (CMRE) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by Staff