Costamare - CMRE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMRE shares.
View CMRE analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1-year target prices for Costamare's stock. Their CMRE share price forecasts range from $11.00 to $15.00. On average, they predict the company's share price to reach $13.00 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
View analysts price targets for CMRE or view top-rated stocks among Wall Street analysts.

Costamare's stock was trading at $9.28 at the start of the year. Since then, CMRE stock has increased by 1.4% and is now trading at $9.41.
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Costamare saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,990,000 shares, an increase of 17.8% from the February 28th total of 1,690,000 shares. Based on an average daily volume of 612,900 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.2% of the company's shares are short sold.
View Costamare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CMRE earnings forecast.

Costamare Inc. (NYSE:CMRE) released its quarterly earnings results on Tuesday, October, 26th. The shipping company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by $0.10. The shipping company had revenue of $216.23 million for the quarter, compared to the consensus estimate of $228.60 million. Costamare had a trailing twelve-month return on equity of 21.81% and a net margin of 49.82%. During the same period in the prior year, the company posted $0.22 EPS.

Costamare announced a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Friday, January 20th will be paid a dividend of $0.115 per share on Tuesday, February 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Thursday, January 19th.
Read our dividend analysis for CMRE.

ETFs with the largest weight of Costamare (NYSE:CMRE) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).Pacer Industrials and Logistics ETF (SHPP).

Costamare (NYSE:CMRE) pays an annual dividend of $0.46 per share and currently has a dividend yield of 4.97%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 11.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Costamare investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), AT&T (T), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Textainer Group (TGH), Energy Transfer (ET), AGNC Investment (AGNC) and DHT (DHT).

Costamare trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

Costamare's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.04%), Renaissance Technologies LLC (1.82%), Horizon Kinetics Asset Management LLC (1.74%), Morgan Stanley (1.53%), American Century Companies Inc. (0.54%) and Geode Capital Management LLC (0.39%).

Shares of CMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMRE stock can currently be purchased for approximately $9.41.

Costamare (NYSE:CMRE) has a market capitalization of $1.14 billion and generates $1.11 billion in revenue each year. The shipping company earns $554.96 million in net income (profit) each year or $4.27 on an earnings per share basis.

The company employs 2,750 workers across the globe.

Costamare's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The official website for the company is www.costamare.com. The shipping company can be reached via phone at (779) 325-0940, via email at ir@costamare.com, or via fax at 377-9325-0942.