NYSE:CMRE Costamare - CMRE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Costamare Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $9.41 +0.13 (+1.40%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$9.30▼$9.4350-Day Range$9.05▼$10.7052-Week Range$8.55▼$17.63Volume413,885 shsAverage Volume562,049 shsMarket Capitalization$1.14 billionP/E Ratio2.20Dividend Yield4.89%Price Target$13.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Costamare MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside38.2% Upside$13.00 Price TargetShort InterestHealthy4.16% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.11Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth9.09%From $3.52 to $3.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.04 out of 5 starsTransportation Sector6th out of 121 stocksDeep Sea Foreign Transportation Of Freight Industry3rd out of 28 stocks 3.3 Analyst's Opinion Consensus RatingCostamare has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Costamare has a forecasted upside of 38.2% from its current price of $9.41.Amount of Analyst CoverageCostamare has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.16% of the float of Costamare has been sold short.Short Interest Ratio / Days to CoverCostamare has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Costamare has recently increased by 17.75%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCostamare is a leading dividend payer. It pays a dividend yield of 4.97%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCostamare does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Costamare is 10.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Costamare will have a dividend payout ratio of 11.98% next year. This indicates that Costamare will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CMRE. Previous Next 2.3 News and Social Media Coverage News SentimentCostamare has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Costamare this week, compared to 3 articles on an average week.Search Interest13 people have searched for CMRE on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.MarketBeat Follows4 people have added Costamare to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Costamare insiders have not sold or bought any company stock.Percentage Held by Insiders23.20% of the stock of Costamare is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions48.80% of the stock of Costamare is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Costamare are expected to grow by 9.09% in the coming year, from $3.52 to $3.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Costamare is 2.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Costamare is 2.20, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 33.50.Price to Book Value per Share RatioCostamare has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Costamare (NYSE:CMRE) StockCostamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.Read More Receive CMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Costamare and its competitors with MarketBeat's FREE daily newsletter. Email Address CMRE Stock News HeadlinesMarch 24, 2023 | finance.yahoo.comCostamare Inc. (NYSE:CMRE) insider upped their holding by 3.2% earlier this yearMarch 16, 2023 | finance.yahoo.comCostamare Inc. Announces Investment in Neptune Maritime Leasing LimitedApril 1, 2023 | Vantage Point (Ad)Did You See These Trend Reversals?Get ready for a potentially shocking and unprecedented announcement from the Fed meeting on May 3rd. This could cause many retail and industry traders to resort to drastic measures. One swift stroke could make popular assets plummet, BUT… there’s a straightforward solution to act now to protect your family and wealth. March 16, 2023 | finance.yahoo.comNeptune Maritime Leasing Announces Investment From Costamare Inc.February 26, 2023 | finance.yahoo.comWith 64% ownership, Costamare Inc. (NYSE:CMRE) insiders have a lot riding on the company's futureFebruary 10, 2023 | msn.comPreview: Costamare's EarningsFebruary 10, 2023 | msn.comPreview: Costamare's EarningsFebruary 10, 2023 | benzinga.comCostamare Stock (NYSE:CMRE), Analyst Ratings, Price Targets, PredictionsApril 1, 2023 | Vantage Point (Ad)Did You See These Trend Reversals?Get ready for a potentially shocking and unprecedented announcement from the Fed meeting on May 3rd. This could cause many retail and industry traders to resort to drastic measures. One swift stroke could make popular assets plummet, BUT… there’s a straightforward solution to act now to protect your family and wealth. February 10, 2023 | benzinga.comCostamare Stock (NYSE:CMRE), Analyst Ratings, Price Targets, PredictionsFebruary 10, 2023 | markets.businessinsider.comJefferies Reaffirms Their Buy Rating on Costamare (CMRE)February 8, 2023 | finance.yahoo.comCostamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2022February 8, 2023 | finance.yahoo.comCostamare (CMRE) Misses Q4 Earnings and Revenue EstimatesFebruary 7, 2023 | seekingalpha.comCostamare Q4 2022 Earnings PreviewFebruary 6, 2023 | finance.yahoo.comCostamare (CMRE) to Report Q4 Earnings: What's in Store?February 3, 2023 | finance.yahoo.comCostamare Inc. Sets the Date for Its Fourth Quarter 2022 Results Release, Conference Call and WebcastFebruary 3, 2023 | finance.yahoo.comThose who invested in Costamare (NYSE:CMRE) five years ago are up 128%January 20, 2023 | finance.yahoo.comShould You Think About Buying Costamare Inc. (NYSE:CMRE) Now?January 13, 2023 | finance.yahoo.comEuronav NV (EURN) Soars 8.9%: Is Further Upside Left in the Stock?January 6, 2023 | finance.yahoo.comCostamare (NYSE:CMRE) Has Affirmed Its Dividend Of $0.115November 30, 2022 | finance.yahoo.comCostamare Inc. Announces Formation of New Dry Bulk Operating PlatformNovember 26, 2022 | finance.yahoo.comCostamare (NYSE:CMRE) Is Experiencing Growth In Returns On CapitalNovember 23, 2022 | finance.yahoo.comIs Trending Stock Costamare Inc. (CMRE) a Buy Now?November 20, 2022 | seekingalpha.comCostamare Glides On Charter DurationsNovember 12, 2022 | finance.yahoo.comCostamare Third Quarter 2022 Earnings: EPS: US$0.89 (vs US$0.87 in 3Q 2021)November 9, 2022 | finance.yahoo.comCostamare Inc. (CMRE) is Attracting Investor Attention: Here is What You Should KnowNovember 2, 2022 | finance.yahoo.comCostamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2022See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Costamare and its competitors with MarketBeat's FREE daily newsletter. Email Address CMRE Company Calendar Last Earnings10/26/2021Ex-Dividend for 2/7 Dividend1/19/2023Dividend Payable2/07/2023Today3/31/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:CMRE CUSIPN/A CIK1503584 Webwww.costamare.com Phone(779) 325-0940Fax377-9325-0942Employees2,750Year Founded1974Price Target and Rating Average Stock Price Forecast$13.00 High Stock Price Forecast$15.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+38.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.27 Trailing P/E Ratio2.20 Forward P/E Ratio2.67 P/E GrowthN/ANet Income$554.96 million Net Margins49.82% Pretax Margin49.80% Return on Equity21.81% Return on Assets9.01% Debt Debt-to-Equity Ratio1.05 Current Ratio2.40 Quick Ratio2.33 Sales & Book Value Annual Sales$1.11 billion Price / Sales1.03 Cash Flow$5.14 per share Price / Cash Flow1.83 Book Value$17.74 per share Price / Book0.53Miscellaneous Outstanding Shares121,570,000Free Float93,369,000Market Cap$1.14 billion OptionableOptionable Beta1.38 Social Links Key ExecutivesKonstantinos Vasileios KonstantakopoulosChairman & Chief Executive OfficerGregory G. ZikosChief Financial Officer & DirectorAnastassios GabrielidesSecretary & General CounselKey CompetitorsDanaosNYSE:DACNavigatorNYSE:NVGSSFLNYSE:SFLDorian LPGNYSE:LPGNavios Maritime PartnersNYSE:NMMView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Bought 9,438 shares on 3/15/2023Ownership: 0.022%B. Riley Wealth Advisors Inc.Bought 40,138 shares on 2/21/2023Ownership: 0.048%Alliancebernstein L.P.Sold 6,200 shares on 2/16/2023Ownership: 0.038%State of WyomingBought 16,127 shares on 2/16/2023Ownership: 0.020%Point72 Middle East FZEBought 10,555 shares on 2/16/2023Ownership: 0.009%View All Institutional Transactions CMRE Stock - Frequently Asked Questions Should I buy or sell Costamare stock right now? 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. What is Costamare's stock price forecast for 2023? 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. How have CMRE shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Costamare? 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. When is Costamare's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our CMRE earnings forecast. How were Costamare's earnings last quarter? 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. How often does Costamare pay dividends? What is the dividend yield for Costamare? 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. What ETFs hold Costamare's stock? 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). Is Costamare a good dividend stock? 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. What other stocks do shareholders of Costamare own? 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). What is Costamare's stock symbol? Costamare trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE." Who are Costamare's major shareholders? 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%). How do I buy shares of Costamare? 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. Compare Top Brokerages Here. What is Costamare's stock price today? One share of CMRE stock can currently be purchased for approximately $9.41. How much money does Costamare make? 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. How many employees does Costamare have? The company employs 2,750 workers across the globe. How can I contact Costamare? 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. This page (NYSE:CMRE) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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