NYSE:CMRECOSTAMARE INC/SH Stock Price, Forecast & News

COSTAMARE INC/SH's stock was trading at $5.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMRE stock has decreased by 6.6% and is now trading at $5.24.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for COSTAMARE INC/SH in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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COSTAMARE INC/SH is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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COSTAMARE INC/SH (NYSE:CMRE) released its quarterly earnings results on Monday, July, 27th. The shipping company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The shipping company earned $111.87 million during the quarter, compared to analyst estimates of $120.41 million. COSTAMARE INC/SH had a return on equity of 11.79% and a net margin of 5.90%.
View COSTAMARE INC/SH's earnings history.

COSTAMARE INC/SH declared a quarterly dividend on Thursday, July 2nd. Investors of record on Wednesday, July 22nd will be given a dividend of $0.10 per share on Friday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date of this dividend is Tuesday, July 21st.
View COSTAMARE INC/SH's dividend history.

2 brokerages have issued twelve-month price targets for COSTAMARE INC/SH's shares. Their forecasts range from $7.50 to $8.00. On average, they anticipate COSTAMARE INC/SH's share price to reach $7.75 in the next twelve months. This suggests a possible upside of 47.9% from the stock's current price.
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Media stories about CMRE stock have trended extremely negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. COSTAMARE INC/SH earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about COSTAMARE INC/SH.

COSTAMARE INC/SH saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,510,000 shares, an increase of 52.1% from the June 15th total of 1,650,000 shares. Based on an average daily trading volume, of 712,800 shares, the days-to-cover ratio is presently 3.5 days. Approximately 5.0% of the company's shares are sold short.
View COSTAMARE INC/SH's Short Interest.

Some companies that are related to COSTAMARE INC/SH include Euronav (EURN), SEASPAN CORP/SH SH (SSW), Frontline (FRO), TOP SHIPS (TOPS), Ship Finance International (SFL), DHT (DHT), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), Torm (TRMD), Navigator (NVGS), Dorian LPG (LPG), DryShips (DRYS) and Genco Shipping & Trading (GNK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other COSTAMARE INC/SH investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), AT&T (T), Enterprise Products Partners (EPD), Wells Fargo & Co (WFC), Textainer Group (TGH), AbbVie (ABBV), DHT (DHT), Energy Transfer LP Unit (ET) and ANNALY CAP MGMT/SH (NLY).

COSTAMARE INC/SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

COSTAMARE INC/SH's stock is owned by many different institutional and retail investors. Top institutional shareholders include Prudential Financial Inc. (1.37%), Goldman Sachs Group Inc. (0.48%), Globeflex Capital L P (0.45%), Denali Advisors LLC (0.34%), New York State Common Retirement Fund (0.19%) and Navellier & Associates Inc (0.16%).

CMRE stock was sold by a variety of institutional investors in the last quarter, including Navellier & Associates Inc, Globeflex Capital L P, Bowling Portfolio Management LLC, New York State Common Retirement Fund, UBS Group AG, Strs Ohio, California Public Employees Retirement System, and Bank of New York Mellon Corp.

CMRE stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Denali Advisors LLC, Goldman Sachs Group Inc., Ahrens Investment Partners LLC, SG Americas Securities LLC, Triton Wealth Management PLLC, Cutter & CO Brokerage Inc., and Russell Investments Group Ltd..

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, Robinhood, Fidelity, and Charles Schwab.

One share of CMRE stock can currently be purchased for approximately $5.24.

COSTAMARE INC/SH has a market capitalization of $624.26 million and generates $478.11 million in revenue each year. The shipping company earns $99 million in net income (profit) each year or $0.91 on an earnings per share basis. COSTAMARE INC/SH employs 1,680 workers across the globe.

The official website for COSTAMARE INC/SH is www.costamare.com.

COSTAMARE INC/SH'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]