Costamare 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: $669.97 million
- Outstanding Shares: 91,589,000
Average Prices:- 50 Day Moving Avg: $6.89
- 200 Day Moving Avg: $6.61
- 52 Week Range: $5.07 - $10.45
P/E:- Trailing P/E Ratio: 10.80
- Foreward P/E Ratio: 9.39
- P/E Growth: -0.85
Sales & Book Value:- Annual Revenue: $453.44 million
- Price / Sales: 1.31
- Book Value: $11.94 per share
- Price / Book: 0.54
Dividend:- Annual Dividend: $0.40
- Dividend Yield: 6.3%
Profitability:- EBIDTA: $295.35 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: 0.63%
Misc:- Average Volume: 989,065 shs.
- Beta: 2.24
- 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. Stockholders 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 dividend yield of 6.17%. The ex-dividend date is Thursday, July 20th. View Costamare's Dividend History.
How were Costamare's earnings last quarter?
Costamare Inc. (NYSE:CMRE) released its earnings results on Tuesday, July, 25th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.01. The company earned $104.10 million during the quarter, compared to the consensus estimate of $104.23 million. Costamare had a return on equity of 8.94% and a net margin of 12.70%. The firm's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. View Costamare's Earnings History.
When will Costamare make its next earnings announcement?
Where is Costamare's stock going? Where will Costamare's stock price be in 2017?
7 brokers have issued twelve-month price objectives for Costamare's stock. Their predictions range from $5.50 to $13.00. On average, they anticipate Costamare's share price to reach $8.50 in the next year. View Analyst Ratings for Costamare.
What are analysts saying about Costamare stock?
Here are some recent quotes from research analysts about Costamare stock:
- 1. According to Zacks Investment Research, "Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. " (7/3/2017)
- 2. Wells Fargo & Company analysts commented, "We are upgrading CMRE to Outperform (from Market Perform) as we believe its risk-reward profile is skewed to the positive, with CMRE well positioned for valuation uplift from the Container market trough, in our view. CMRE is off 63% (vs. the S&P 500 up 0.2%) over the past 18 months as the stock has faced significant downward pressure from liquidity risk, rechartering risk, counterparty risk, a dividend cut, and a soft rechartering outlook amid the containership trough. Given that significant equity downside (to 0.4x NAV), we believe CMRE is an attractive container recovery play, while we also believe the severity of its headwinds should gradually ease over time, with CMRE making a number of recent moves to reposition its intermediate-term liquidity and stabilize its balance sheet. While we remain broadly cautious around global containerized trade, we think Street expectations have generally fallen to match that outlook, with the risk/reward associated with a bottoming outlook potentially skewed to the upside, at least longer-term. We effectively think CMRE has most of its bad news priced into it at this point, and while continued pressure within its peer group or a more substantive outline for a border tax regime still linger as potential headwinds (particularly the latter), we think the longer-term recover potential outweighs them, and we reiterate our Outperform rating with a valuation range of $8-9/share." (2/13/2017)
Who are some of Costamare's key competitors?
Some companies that are related to Costamare include Golden Ocean Group Limited (GOGL), Seaspan Corporation (SSW), Star Bulk Carriers Corp. (SBLK), Scorpio Bulkers (SALT), Capital Product Partners L.P. (CPLP), Tsakos Energy Navigation Ltd (TNP), Diana Shipping inc. (DSX), Ardmore Shipping Corporation (ASC), Safe Bulkers (SB), Navios Maritime Partners LP (NMM), Danaos Corporation (DAC), StealthGas (GASS), Hornbeck Offshore Services (HOS), Global Ship Lease (GSL), Euroseas (ESEA), DryShips (DRYS), Diana Containerships (DCIX) and Baltic Trading Ltd (BALT).
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 many different of institutional and retail investors. Top institutional shareholders include Acadian Asset Management LLC (0.75%), James Investment Research Inc. (0.20%), Russell Investments Group Ltd. (0.20%), Adams Diversified Equity Fund Inc. (0.15%), Nisa Investment Advisors LLC (0.05%) and US Bancorp DE (0.02%). View Institutional Ownership Trends for Costamare.
Who sold Costamare stock? Who is selling Costamare stock?
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 Acadian Asset Management LLC, Adams Diversified Equity Fund Inc., Russell Investments Group Ltd., Nisa Investment Advisors LLC and Parkwood 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 $6.48.
MarketBeat Community Rating for Costamare (NYSE CMRE)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.
Consensus Ratings for Costamare (NYSE:CMRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.43) |
| Consensus Price Target: | $8.50 (31.17% upside) |
Analysts' Ratings History for Costamare (NYSE:CMRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/14/2017 | Stifel Nicolaus | Reiterated Rating | Hold | $7.00 | Low |  |
| 5/1/2017 | Credit Suisse Group | Upgrade | Underperform -> Neutral | $8.00 | High | |
| 2/13/2017 | Wells Fargo & Company | Upgrade | Market Perform -> Outperform | $9.00 | N/A | |
| 2/7/2017 | Citigroup Inc. | Initiated Coverage | Neutral | $5.50 | N/A | |
| 2/1/2017 | Morgan Stanley | Upgrade | Equal Weight -> Overweight | $7.00 | N/A | |
| 10/5/2016 | J P Morgan Chase & Co | Upgrade | Neutral -> Overweight | $12.00 -> $13.00 | N/A | |
| 10/3/2016 | Barclays PLC | Lower Price Target | Equal Weight | $11.00 -> $10.00 | N/A | |
| 6/17/2016 | Clarkson Capital | Downgrade | Buy -> Neutral | | N/A | |
(Data available from 7/28/2015 forward)
Earnings History for Costamare (NYSE:CMRE)Earnings History by Quarter for Costamare (NYSE CMRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/23/2017 | | $0.19 | | | | | N/A | |
| 7/25/2017 | 6/30/2017 | $0.20 | $0.21 | $104.23 million | $104.10 million | View | N/A | |
| 4/27/2017 | 3/31/2017 | $0.21 | $0.23 | $103.41 million | $105.52 million | View | N/A | |
| 1/26/2017 | Q416 | $0.26 | $0.28 | $110.51 million | $110.13 million | View | N/A | |
| 10/24/2016 | Q316 | $0.35 | $0.37 | $114.20 million | $115.50 million | View | N/A | |
| 7/27/2016 | Q2 | $0.40 | $0.42 | $119.37 million | $117.90 million | View | N/A | |
| 4/20/2016 | Q116 | $0.39 | $0.45 | $121.06 million | $120.27 million | View | N/A | |
| 1/27/2016 | Q415 | $0.38 | $0.44 | $124.87 million | $122.28 million | View | Listen | |
| 10/21/2015 | Q315 | $0.39 | $0.46 | $123.61 million | $124.00 million | View | Listen | |
| 7/21/2015 | Q215 | $0.39 | $0.46 | $121.39 million | $123.20 million | View | Listen | |
| 4/28/2015 | Q115 | $0.31 | $0.38 | $119.33 million | $120.90 million | View | N/A | |
| 2/4/2015 | Q414 | $0.37 | $0.41 | $120.50 million | $120.86 million | View | N/A | |
| 10/31/2014 | Q314 | $0.38 | $0.38 | $124.70 million | $124.73 million | View | N/A | |
| 7/23/2014 | Q214 | $0.39 | $0.48 | $125.33 million | $123.50 million | View | N/A | |
| 4/29/2014 | Q114 | $0.34 | $0.35 | $120.25 million | $117.50 million | View | N/A | |
| 1/27/2014 | Q413 | $0.39 | $0.41 | $119.46 million | $112.50 million | View | N/A | |
| 10/23/2013 | Q313 | $0.36 | $0.38 | $113.75 million | $110.10 million | View | N/A | |
| 7/24/2013 | Q2 2013 | $0.32 | $0.37 | $103.16 million | $100.00 million | View | N/A | |
| 4/24/2013 | Q1 2013 | $0.24 | $0.29 | $94.20 million | $94.80 million | View | N/A | |
| 1/23/2013 | Q4 2012 | $0.29 | $0.32 | $99.62 million | $95.20 million | View | N/A | |
| 10/23/2012 | | $0.27 | $0.31 | | | View | N/A | |
| 7/24/2012 | | $0.28 | $0.32 | | | View | N/A | |
| 5/8/2012 | | $0.36 | $0.41 | | | View | N/A | |
| 2/1/2012 | | $0.46 | $0.54 | | | View | N/A | |
| 10/26/2011 | | $0.47 | $0.51 | | | View | N/A | |
| 7/27/2011 | | $0.45 | $0.45 | | | View | N/A | |
| 2/16/2011 | | $0.31 | $0.33 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Costamare (NYSE:CMRE)Current Year EPS Consensus Estimate: $0.79 EPS
Next Year EPS Consensus Estimate: $0.69 EPS
Current Dividend Information for Costamare (NYSE:CMRE)| Next Dividend: | 8/7/2017 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 6.17% |
| Dividend Growth: | -3.50% (3 Year Average) |
| Payout Ratio: | 105.27% (Trailing 12 Months of Earnings)
50.63% (Based on This Year's Estimates)
57.97% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Costamare (NYSE CMRE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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)
Insider Trading History for Costamare (NYSE:CMRE)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
| Source: |
|
| Date | Headline |
|---|
 | Costamare Inc. Announces 2017 Annual Meeting of Stockholders
finance.yahoo.com - July 27 at 5:39 PM |
| Edited Transcript of CMRE earnings conference call or presentation 26-Jul-17 12:30pm GMT
finance.yahoo.com - July 27 at 3:30 AM |
 | Costamare's (CMRE) Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 26 at 5:56 PM |
| Investor Network: Costamare Inc. to Host Earnings Call
finance.yahoo.com - July 26 at 5:56 PM |
 | Costamare Inc. (NYSE:CMRE) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - July 26 at 1:14 PM |
| Costamare beats 2Q profit forecasts
finance.yahoo.com - July 25 at 10:26 PM |
| Costamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2017
finance.yahoo.com - July 25 at 5:19 PM |
| Costamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 24 at 6:50 PM |
| Costamare Inc. (CMRE) Downgraded by BidaskClub
www.americanbankingnews.com - July 23 at 6:52 PM |
 | Costamare Inc. (CMRE) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq
www.nasdaq.com - July 20 at 7:13 PM |
| Costamare Inc. Sets the Date for Its Second Quarter 2017 Results Release, Conference Call and Webcast
finance.yahoo.com - July 18 at 6:51 PM |
| Costamare Inc. (CMRE) to Release Earnings on Tuesday
www.americanbankingnews.com - July 18 at 9:09 AM |
| A 9.4% Preferred Yield From A Profitable Shipper With A $5 Billion Revenue Backlog - Seeking Alpha
seekingalpha.com - July 17 at 5:41 PM |
| Critical Survey: Diana Containerships (DCIX) and Costamare (CMRE)
www.americanbankingnews.com - July 15 at 12:03 PM |
| Costamare Inc. Plans Quarterly Dividend of $0.10 (NYSE:CMRE)
www.americanbankingnews.com - July 15 at 11:02 AM |
| Costamare Inc. (NYSE:CMRE) Receives Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - July 15 at 10:34 AM |
| $103.96 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter
www.americanbankingnews.com - July 13 at 11:00 AM |
| Comparing Costamare (NYSE:CMRE) and Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - July 11 at 12:22 PM |
| $0.23 EPS Expected for Costamare Inc. (NYSE:CMRE) This Quarter
www.americanbankingnews.com - July 11 at 10:32 AM |
| Costamare 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 |
| Costamare Inc. (CMRE) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - July 8 at 12:22 PM |
| How Seaspan Corporation Makes Most of Its Money
finance.yahoo.com - July 5 at 6:01 PM |
 | Form 6-K Costamare Inc. For: Jul 03 - StreetInsider.com
www.streetinsider.com - July 5 at 4:28 AM |
| Costamare Inc. (NYSE:CMRE) Rating Lowered to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - July 3 at 5:44 PM |
| Form 6-K Costamare Inc. For: Jul 03
www.streetinsider.com - July 3 at 5:18 PM |
| Costamare Inc. – Value Analysis (NYSE:CMRE) : July 3, 2017
finance.yahoo.com - July 3 at 5:18 PM |
| Costamare 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 |
| ETFs with exposure to Costamare Inc. : June 28, 2017
finance.yahoo.com - June 28 at 5:15 PM |
| Costamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - June 27 at 4:28 PM |
| Costamare Inc. (CMRE) Short Interest Update
www.americanbankingnews.com - June 16 at 8:21 AM |
| Costamare Inc. (CMRE) Expected to Post Earnings of $0.24 Per Share
www.americanbankingnews.com - June 15 at 8:12 AM |
| Costamare (CMRE) versus Golar LNG Partners (GMLP) Critical Contrast
www.americanbankingnews.com - June 12 at 2:06 PM |
| Costamare Inc (CMRE) Cut to "Hold" at ValuEngine
www.americanbankingnews.com - June 4 at 10:32 PM |
| Costamare Inc (CMRE) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 2 at 8:48 AM |
| Costamare Inc (CMRE) Given a $7.00 Price Target at Stifel Nicolaus
www.americanbankingnews.com - May 30 at 12:10 AM |
| Costamare: Sail Away With This Stock Now - Seeking Alpha
seekingalpha.com - May 28 at 4:39 PM |
| Mid-Morning Market Update: Markets Open Higher; Best Buy Tops Q1 Estimates
www.nasdaq.com - May 26 at 4:53 PM |
| Weathering The Storm In Shipping
seekingalpha.com - May 26 at 4:53 PM |
| Costamare (CMRE) Prices 13.5M Share Offering at $7.10/Sh
www.streetinsider.com - May 26 at 4:53 PM |
| Costamare Inc. Announces Pricing of its Public Offering of Common Stock
finance.yahoo.com - May 26 at 4:53 PM |
 | Why Costamare Inc. Stock Just Sank 9%
www.fool.com - May 25 at 1:26 PM |
| Costamare Inc. Announces Public Offering of Common Stock
finance.yahoo.com - May 24 at 9:15 PM |
| Is Costamare (CMRE) a Great Stock for Value Investors? - Nasdaq
www.nasdaq.com - May 24 at 12:44 PM |
| Is Costamare (CMRE) a Great Stock for Value Investors?
finance.yahoo.com - May 24 at 12:44 PM |
| ETFs with exposure to Costamare Inc. : May 22, 2017
finance.yahoo.com - May 22 at 4:14 PM |
| Short Interest in Costamare Inc (CMRE) Grows By 58.2%
www.americanbankingnews.com - May 16 at 7:02 AM |
| Is Seaspan Corporation About to Turn the Corner?
finance.yahoo.com - May 15 at 12:06 PM |
 | Research Reports Coverage on Shipping Stocks -- Costamare, Navios Maritime, Gener8 Maritime, and Capital Product Partners
www.bizjournals.com - May 12 at 4:55 PM |
| ETFs with exposure to Costamare Inc. : May 9, 2017
finance.yahoo.com - May 9 at 9:23 PM |
| Costamare Inc. :CMRE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 4:17 PM |
Costamare (CMRE) Chart for Friday, July, 28, 2017
