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: $656.28 million
  • Outstanding Shares: 105,990,000
Average Prices:
  • 50 Day Moving Avg: $6.14
  • 200 Day Moving Avg: $6.69
  • 52 Week Range: $5.07 - $8.18
P/E:
  • Trailing P/E Ratio: 15.56
  • Foreward P/E Ratio: 8.91
  • P/E Growth: -0.80
Sales & Book Value:
  • Annual Revenue: $438.93 million
  • Price / Sales: 1.51
  • Book Value: $11.34 per share
  • Price / Book: 0.55
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 6.5%
Profitability:
  • EBITDA: $280.04 million
  • Net Margins: 12.70%
  • Return on Equity: 8.94%
  • Return on Assets: 3.83%
Debt:
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.90%
Misc:
  • Average Volume: 643,662 shs.
  • Beta: 2.17
  • 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, October 2nd. Shareholders of record on Monday, October 23rd will be given a dividend of $0.10 per share on Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Friday, October 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) posted its earnings results on Tuesday, July, 25th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.01. The firm earned $104.10 million during the quarter, compared to analysts' expectations of $104.23 million. Costamare had a return on equity of 8.94% and a net margin of 12.70%. Costamare's quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the firm earned $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?

5 brokers have issued 12 month price targets for Costamare's stock. Their predictions range from $5.50 to $9.00. On average, they anticipate Costamare's stock price to reach $7.30 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. " (10/12/2017)
  • 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

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 $6.24.


MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  414
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: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $7.30 (16.99% upside)
Consensus Price Target History for Costamare (NYSE:CMRE)
Price Target History for Costamare (NYSE:CMRE)
Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017Stifel NicolausReiterated RatingHold$7.00N/AView 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 10/18/2015 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
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)

Estimates

Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.8 EPS
Next Year EPS Consensus Estimate: $0.7 EPS

Dividends

Current Dividend Information for Costamare (NYSE:CMRE)
Next Dividend:11/6/2017
Annual Dividend:$0.40
Dividend Yield:6.41%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:105.27% (Trailing 12 Months of Earnings)
50.00% (Based on This Year's Estimates)
57.14% (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
10/2/2017Quarterly$0.106.41%10/20/201710/23/201711/6/2017
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 logoAnalyzing Costamare (CMRE) & The Competition
www.americanbankingnews.com - October 17 at 12:54 PM
americanbankingnews.com logoHead to Head Analysis: Costamare (CMRE) and Its Peers
www.americanbankingnews.com - October 17 at 10:36 AM
americanbankingnews.com logo$104.14 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter
www.americanbankingnews.com - October 17 at 1:20 AM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : October 16, 2017
finance.yahoo.com - October 16 at 6:03 PM
finance.yahoo.com logoCostamare Inc. – Value Analysis (NYSE:CMRE) : October 16, 2017
finance.yahoo.com - October 16 at 6:03 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - October 16 at 3:28 AM
americanbankingnews.com logo Brokerages Expect Costamare Inc. (CMRE) Will Post Earnings of $0.17 Per Share
www.americanbankingnews.com - October 15 at 10:24 PM
americanbankingnews.com logoStifel Nicolaus Reiterates Hold Rating for Costamare Inc. (CMRE)
www.americanbankingnews.com - October 15 at 11:22 AM
finance.yahoo.com logoCostamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : October 13, 2017
finance.yahoo.com - October 13 at 5:55 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - October 12 at 5:46 PM
americanbankingnews.com logoCostamare (CMRE) vs. Danaos Corporation (DAC) Head-To-Head Analysis
www.americanbankingnews.com - October 12 at 2:34 PM
americanbankingnews.com logoReviewing Costamare (CMRE) & Its Rivals
www.americanbankingnews.com - October 10 at 6:24 AM
americanbankingnews.com logoCostamare Inc. (CMRE) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - October 7 at 7:14 PM
americanbankingnews.com logoBidaskClub Lowers Costamare Inc. (CMRE) to Sell
www.americanbankingnews.com - October 7 at 10:44 AM
globenewswire.com logoCostamare Inc. Announces Election of Class I Director at 2017 Annual Meeting of Stockholders - GlobeNewswire (press release)
globenewswire.com - October 6 at 10:34 PM
finance.yahoo.com logoCostamare Inc. Announces Election of Class I Director at 2017 Annual Meeting of Stockholders
finance.yahoo.com - October 5 at 4:25 PM
finance.yahoo.com logoCostamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
finance.yahoo.com - October 5 at 11:15 AM
americanbankingnews.com logoHead-To-Head Comparison: Tsakos Energy Navigation (TNP) vs. Costamare (CMRE)
www.americanbankingnews.com - October 3 at 6:22 PM
americanbankingnews.com logoCostamare Inc. Declares Quarterly Dividend of $0.10 (CMRE)
www.americanbankingnews.com - October 3 at 8:18 AM
americanbankingnews.com logoContrasting Costamare (CMRE) & Its Rivals
www.americanbankingnews.com - October 2 at 4:18 PM
americanbankingnews.com logo Brokerages Expect Costamare Inc. (CMRE) Will Announce Quarterly Sales of $104.69 Million
www.americanbankingnews.com - September 29 at 8:36 AM
americanbankingnews.com logo Analysts Anticipate Costamare Inc. (CMRE) Will Announce Earnings of $0.19 Per Share
www.americanbankingnews.com - September 27 at 6:20 AM
americanbankingnews.com logoAnalyzing Seaspan Corporation (SSW) and Costamare (CMRE)
www.americanbankingnews.com - September 25 at 10:30 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : September 25, 2017
finance.yahoo.com - September 25 at 12:22 PM
americanbankingnews.com logoCostamare (CMRE) & Its Competitors Head to Head Comparison
www.americanbankingnews.com - September 23 at 12:16 PM
bizjournals.com logoDaily Technical Summary Reports on Shipping Stocks -- Costamare, Diana Shipping, Gener8 Maritime, and Navios Maritime Acquisition
www.bizjournals.com - September 19 at 5:19 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : September 14, 2017
finance.yahoo.com - September 14 at 11:07 PM
finance.yahoo.com logoCostamare Inc. :CMRE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 13, 2017
finance.yahoo.com - September 13 at 6:34 PM
americanbankingnews.com logoCostamare (CMRE) vs. Scorpio Bulkers (SALT) Financial Survey
www.americanbankingnews.com - September 12 at 10:24 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 12 at 6:48 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Expected to Post Quarterly Sales of $104.69 Million
www.americanbankingnews.com - September 10 at 5:20 AM
americanbankingnews.com logoHornbeck Offshore Services (HOS) vs. Costamare (CMRE) Financial Contrast
www.americanbankingnews.com - September 8 at 6:10 AM
americanbankingnews.com logoCostamare Inc. (CMRE) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - August 18 at 6:32 PM
americanbankingnews.com logoCostamare (NYSE:CMRE) vs. Diana Shipping inc. (DSX) Financial Survey
www.americanbankingnews.com - August 9 at 12:10 AM
seekingalpha.com logoContainer Shipping Supply Side Update (July 2017) - Seeking Alpha
seekingalpha.com - August 8 at 5:04 PM
americanbankingnews.com logo$100.59 Million in Sales Expected for Costamare Inc. (NYSE:CMRE) This Quarter
www.americanbankingnews.com - August 4 at 8:26 AM
americanbankingnews.com logo$0.19 Earnings Per Share Expected for Costamare Inc. (NYSE:CMRE) This Quarter
www.americanbankingnews.com - August 2 at 4:30 PM
finance.yahoo.com logoCostamare Inc. Announces 2017 Annual Meeting of Stockholders
finance.yahoo.com - July 27 at 5:39 PM
finance.yahoo.com logoEdited Transcript of CMRE earnings conference call or presentation 26-Jul-17 12:30pm GMT
finance.yahoo.com - July 27 at 3:30 AM
seekingalpha.com logoCostamare's (CMRE) Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 26 at 5:56 PM
finance.yahoo.com logoInvestor Network: Costamare Inc. to Host Earnings Call
finance.yahoo.com - July 26 at 5:56 PM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - July 26 at 1:14 PM
finance.yahoo.com logoCostamare beats 2Q profit forecasts
finance.yahoo.com - July 25 at 10:26 PM
finance.yahoo.com logoCostamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2017
finance.yahoo.com - July 25 at 5:19 PM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 24 at 6:50 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

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Chart

Costamare (CMRE) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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