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About Costamare (NYSE:CMRE)
Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU. The company was founded in 1974 and is based in Monaco.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:CMRE
CUSIPN/A
Phone377-9325-0940
Debt
Debt-to-Equity Ratio0.70
Current Ratio1.19
Quick Ratio1.14
Price-To-Earnings
Trailing P/E Ratio9.77
Forward P/E Ratio15.54
P/E GrowthN/A
Sales & Book Value
Annual Sales$412.43 million
Price / Sales1.98
Cash Flow$1.8557 per share
Price / Cash4.02
Book Value$12.33 per share
Price / Book0.61
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$72.87 million
Net Margins17.27%
Return on Equity6.32%
Return on Assets3.11%
Miscellaneous
EmployeesN/A
Outstanding Shares109,190,000
Costamare (NYSE:CMRE) Frequently Asked Questions
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 Tuesday, April 3rd. Shareholders of record on Friday, April 20th will be given a dividend of $0.10 per share on Tuesday, May 8th. This represents a $0.40 annualized dividend and a yield of 5.36%. The ex-dividend date is Thursday, April 19th. View Costamare's Dividend History.
How were Costamare's earnings last quarter?
Costamare (NYSE:CMRE) issued its earnings results on Tuesday, May, 1st. The shipping company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The shipping company earned $92.75 million during the quarter, compared to analyst estimates of $90.88 million. Costamare had a net margin of 17.27% and a return on equity of 6.32%. Costamare's quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. View Costamare's Earnings History.
When is Costamare's next earnings date?
What price target have analysts set for CMRE?
2 brokerages have issued 1-year target prices for Costamare's stock. Their forecasts range from $7.00 to $7.00. On average, they expect Costamare's share price to reach $7.00 in the next twelve months. View Analyst Ratings for Costamare.
Who are some of Costamare's key competitors?
Some companies that are related to Costamare include Ship Finance International (SFL), Euronav (EURN), Pacific Basin Ship (PCFBY), Seaspan (SSW), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Frontline (FRO), Teekay (TK), Genco Shipping & Trading (GNK), Navigator (NVGS), Scorpio Bulkers (SALT), Double Hull Tankers (DHT), General Maritime (GNRT) and Diana Shipping (DSX).
Who are Costamare's key executives?
Costamare's management team includes the folowing people:
- Mr. Konstantinos Konstantakopoulos, Chairman & CEO (Age 49)
- Mr. Gregory G. Zikos, CFO & Director (Age 49)
- Mr. Anastassios Gabrielides, Gen. Counsel & Sec. (Age 53)
Has Costamare been receiving favorable news coverage?
News coverage about CMRE stock has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Costamare earned a daily sentiment score of 0.15 on Accern's scale. They also assigned news headlines about the shipping company an impact score of 47.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Costamare's major shareholders?
Costamare's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.85%), JPMorgan Chase & Co. (2.26%), BlackRock Inc. (2.24%), Global X Management Co. LLC (1.40%), Wells Fargo & Company MN (0.62%) and Prudential Financial Inc. (0.43%). View Institutional Ownership Trends for Costamare.
Which major investors are selling Costamare stock?
CMRE stock was sold by a variety of institutional investors in the last quarter, including Algert Global LLC, American Century Companies Inc., JPMorgan Chase & Co., Global X Management Co. LLC, Systematic Financial Management LP, BlackRock Inc. and Citigroup Inc.. View Insider Buying and Selling for Costamare.
Which major investors are buying Costamare stock?
CMRE stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Wells Fargo & Company MN, Thrivent Financial for Lutherans, PARK CIRCLE Co, Cullen Frost Bankers Inc., SG Americas Securities LLC, Fisher Asset Management LLC and Element Capital Management LLC. View Insider Buying and Selling for Costamare.
How do I buy shares of Costamare?
Shares of CMRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Costamare's stock price today?
One share of CMRE stock can currently be purchased for approximately $7.46.
How big of a company is Costamare?
Costamare has a market capitalization of $825.51 million and generates $412.43 million in revenue each year. The shipping company earns $72.87 million in net income (profit) each year or $0.77 on an earnings per share basis.
How can I contact Costamare?
Costamare's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The shipping company can be reached via phone at 377-9325-0940 or via email at [email protected]
MarketBeat Community Rating for Costamare (CMRE)
MarketBeat's community ratings are surveys of what our community members think about Costamare and other stocks. Vote "Outperform" if you believe CMRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Costamare (NYSE:CMRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Costamare in the last 12 months. Their average twelve-month price target is $7.00, suggesting that the stock has a possible downside of 6.17%. The high price target for CMRE is $7.00 and the low price target for CMRE is $7.00. There are currently 2 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.40 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $7.00 | $7.00 | $7.00 | $7.10 |
| Price Target Upside: | 6.17% downside | 16.67% upside | 16.67% upside | 18.33% upside |
Costamare (NYSE:CMRE) Consensus Price Target History
Costamare (NYSE:CMRE) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Costamare (NYSE:CMRE) Dividend Information
Costamare pays an annual dividend of $0.40 per share, with a dividend yield of 5.36%. CMRE's most recent quarterly dividend payment was Tuesday, May 8. Costamare pays out 51.95% of its earnings out as a dividend.
| Most Recent Dividend: | 5/8/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 5.36% |
| Dividend Growth: | -28.80% (3 Year Average) |
| Payout Ratio(s): | 51.95% (Trailing 12 Months of Earnings)
83.33% (Based on This Year's Estimates)
41.67% (Based on Next Year's Estimates)
21.55% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Costamare (NYSE:CMRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/3/2018 | quarterly | $0.10 | 6.09% | 4/19/2018 | 4/20/2018 | 5/8/2018 |
| 1/2/2018 | Quarterly | $0.10 | 6.6% | 1/22/2018 | 1/23/2018 | 2/6/2018 |
| 10/2/2017 | Quarterly | $0.10 | 6.41% | 10/20/2017 | 10/23/2017 | 11/6/2017 |
| 7/3/2017 | Quarterly | $0.10 | 5.56% | 7/20/2017 | 7/24/2017 | 8/7/2017 |
| 4/4/2017 | quarterly | $0.10 | 6.12% | 4/19/2017 | 4/21/2017 | 5/8/2017 |
| 1/4/2017 | quarterly | $0.10 | 6.46% | 1/19/2017 | 1/23/2017 | 2/6/2017 |
| 10/4/2016 | Quarterly | $0.10 | 5.4% | 10/19/2016 | 10/21/2016 | 11/4/2016 |
| 7/7/2016 | quarterly | $0.29 | 16.02% | 8/1/2016 | 8/3/2016 | 8/17/2016 |
| 4/4/2016 | quarterly | $0.29 | 13.11% | 4/15/2016 | 4/19/2016 | 5/4/2016 |
| 1/5/2016 | quarterly | $0.29 | 12.28% | 1/19/2016 | 1/21/2016 | 2/4/2016 |
| 10/2/2015 | quarterly | $0.29 | 9.04% | 10/19/2015 | 10/21/2015 | 11/4/2015 |
| 7/6/2015 | quarterly | $0.29 | 6.41% | 7/20/2015 | 7/22/2015 | 8/5/2015 |
| 4/2/2015 | quarterly | $0.29 | 6.62% | 4/17/2015 | 4/21/2015 | 5/6/2015 |
| 1/7/2015 | quarterly | $0.28 | 7% | 1/16/2015 | 1/21/2015 | 2/4/2015 |
| 10/7/2014 | quarterly | $0.28 | 5.49% | 10/20/2014 | 10/22/2014 | 11/5/2014 |
| 7/8/2014 | quarterly | $0.28 | 4.84% | 7/21/2014 | 7/23/2014 | 8/6/2014 |
| 4/29/2014 | quarterly | $0.28 | 5.22% | 5/7/2014 | 5/9/2014 | 5/13/2014 |
| 1/6/2014 | quarterly | $0.27 | 6.05% | 1/16/2014 | 1/21/2014 | 2/4/2014 |
| 10/8/2013 | quarterly | $0.27 | 6.45% | 10/21/2013 | 10/23/2013 | 11/6/2013 |
| 7/10/2013 | quarterly | $0.27 | 5.95% | 7/22/2013 | 7/24/2013 | 8/7/2013 |
| 4/10/2013 | quarterly | $0.27 | 6.87% | 4/22/2013 | 4/24/2013 | 5/8/2013 |
| 1/17/2013 | quarterly | $0.27 | 7.09% | 1/28/2013 | 1/30/2013 | 2/13/2013 |
(Data available from 1/1/2013 forward)
Costamare (NYSE CMRE) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 24.68%
Costamare (NYSE CMRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Costamare (NYSE CMRE) News Headlines
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Costamare (NYSE:CMRE) SEC Filings
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Costamare (NYSE:CMRE) Income Statement, Balance Sheet and Cash Flow Statement
Costamare (NYSE CMRE) Stock Chart for Thursday, May, 24, 2018
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