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: $649.72 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
P/E:
  • Trailing P/E Ratio: 15.11
  • Foreward P/E Ratio: 9.01
  • P/E Growth: 1.51
Sales & Book Value:
  • Annual Revenue: $438.93 million
  • Price / Sales: 1.48
  • Book Value: $11.34 per share
  • Price / Book: 0.54
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 6.7%
Profitability:
  • EBIDTA: $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: 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 announced 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 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Thursday, July 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) released its quarterly earnings results on Tuesday, July, 25th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The firm earned $104.10 million during the quarter, compared to analyst estimates of $104.23 million. Costamare had a net margin of 12.70% and a return on equity of 8.94%. Costamare's quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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 shares. Their forecasts range from $5.50 to $13.00. On average, they anticipate Costamare's stock price to reach $8.50 in the next twelve months. 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 a variety of of institutional and retail investors. Top institutional shareholders 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 $6.13.


MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  144 (Vote Outperform)
Underperform Votes:  245 (Vote Underperform)
Total Votes:  389
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 (38.66% upside)

Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
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 9/20/2015 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: $0.82 EPS
Next Year EPS Consensus Estimate: $0.68 EPS

Dividends

Current Dividend Information for Costamare (NYSE:CMRE)
Most Recent Dividend:8/7/2017
Annual Dividend:$0.40
Dividend Yield:6.53%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:105.27% (Trailing 12 Months of Earnings)
48.78% (Based on This Year's Estimates)
58.82% (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
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
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 logoZacks: Brokerages Expect Costamare Inc. (CMRE) to Post $0.19 Earnings Per Share
www.americanbankingnews.com - September 8 at 12:22 PM
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) Upgraded at Zacks Investment Research
www.americanbankingnews.com - September 5 at 5:16 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Cut to Hold at ValuEngine
www.americanbankingnews.com - September 3 at 5:52 PM
americanbankingnews.com logoZacks Investment Research Upgrades Costamare Inc. (CMRE) to Hold
www.americanbankingnews.com - August 28 at 5:36 PM
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 logoCostamare Inc. (NYSE:CMRE) Upgraded at ValuEngine
www.americanbankingnews.com - August 3 at 12:06 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
americanbankingnews.com logoBidaskClub Lowers Costamare Inc. (NYSE:CMRE) to Sell
www.americanbankingnews.com - July 29 at 7:21 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
americanbankingnews.com logoCostamare Inc. (CMRE) Downgraded by BidaskClub
www.americanbankingnews.com - July 23 at 6:52 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
americanbankingnews.com logoCostamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE)
www.americanbankingnews.com - July 15 at 11:02 AM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - July 15 at 10:34 AM
americanbankingnews.com logo$103.96 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter
www.americanbankingnews.com - July 13 at 11:00 AM
americanbankingnews.com logoComparing Costamare (NYSE:CMRE) and Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - July 11 at 12:22 PM
americanbankingnews.com logo$0.23 EPS Expected for Costamare Inc. (NYSE:CMRE) This Quarter
www.americanbankingnews.com - July 11 at 10:32 AM
finance.yahoo.com logoCostamare Inc. breached its 50 day moving average in a Bearish Manner : CMRE-US : July 10, 2017
finance.yahoo.com - July 10 at 5:21 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - July 8 at 12:22 PM
finance.yahoo.com logoHow Seaspan Corporation Makes Most of Its Money
finance.yahoo.com - July 5 at 6:01 PM
streetinsider.com logoForm 6-K Costamare Inc. For: Jul 03 - StreetInsider.com
www.streetinsider.com - July 5 at 4:28 AM
americanbankingnews.com logoCostamare Inc. (NYSE:CMRE) Rating Lowered to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - July 3 at 5:44 PM
streetinsider.com logoForm 6-K Costamare Inc. For: Jul 03
www.streetinsider.com - July 3 at 5:18 PM
finance.yahoo.com logoCostamare Inc. – Value Analysis (NYSE:CMRE) : July 3, 2017
finance.yahoo.com - July 3 at 5:18 PM
finance.yahoo.com logoCostamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : June 30, 2017
finance.yahoo.com - June 30 at 5:28 PM
finance.yahoo.com logoETFs with exposure to Costamare Inc. : June 28, 2017
finance.yahoo.com - June 28 at 5:15 PM
americanbankingnews.com logoCostamare Inc. (CMRE) Short Interest Update
www.americanbankingnews.com - June 16 at 8:21 AM
americanbankingnews.com logoCostamare Inc. (CMRE) Expected to Post Earnings of $0.24 Per Share
www.americanbankingnews.com - June 15 at 8:12 AM
americanbankingnews.com logoCostamare (CMRE) versus Golar LNG Partners (GMLP) Critical Contrast
www.americanbankingnews.com - June 12 at 2:06 PM
americanbankingnews.com logoCostamare Inc (CMRE) Cut to "Hold" at ValuEngine
www.americanbankingnews.com - June 4 at 10:32 PM

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Chart

Costamare (CMRE) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff