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:
  • Market Cap: $658.2 million
  • Outstanding Shares: 105,990,000
Average Prices:
  • 50 Day Moving Avg: $6.14
  • 200 Day Moving Avg: $6.69
  • 52 Week Range: $5.07 - $8.18
  • Trailing P/E Ratio: 15.49
  • Foreward P/E Ratio: 9.13
  • P/E Growth: -0.80
Sales & Book Value:
  • Annual Revenue: $438.93 million
  • Price / Sales: 1.50
  • Book Value: $11.34 per share
  • Price / Book: 0.55
  • Annual Dividend: $0.40
  • Dividend Yield: 6.5%
  • EBITDA: $280.04 million
  • Net Margins: 12.70%
  • Return on Equity: 8.94%
  • Return on Assets: 3.83%
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.90%
  • Average Volume: 643,662 shs.
  • Beta: 2.17
  • 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 declared a quarterly dividend on Monday, October 2nd. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.10 per share on Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Friday, October 20th. View Costamare's Dividend History.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) announced its quarterly earnings data on Tuesday, July, 25th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $104.10 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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?

5 brokerages have issued twelve-month target prices for Costamare's shares. Their predictions range from $5.50 to $9.00. On average, they expect Costamare's stock price to reach $7.30 in the next twelve months. 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. " (10/12/2017)
  • 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?

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

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 $6.21.

MarketBeat Community Rating for Costamare (NYSE CMRE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  414
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: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $7.30 (17.55% upside)
Consensus Price Target History for Costamare (NYSE:CMRE)
Price Target History for Costamare (NYSE:CMRE)
Analysts' Ratings History for Costamare (NYSE:CMRE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017Stifel NicolausReiterated RatingHold$7.00N/AView 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 10/18/2015 forward)


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)


Earnings Estimates for Costamare (NYSE:CMRE)
Current Year EPS Consensus Estimate: $0.79 EPS
Next Year EPS Consensus Estimate: $0.68 EPS


Current Dividend Information for Costamare (NYSE:CMRE)
Next Dividend:11/6/2017
Annual Dividend:$0.40
Dividend Yield:6.44%
Dividend Growth:-3.50% (3 Year Average)
Payout Ratio:105.27% (Trailing 12 Months of Earnings)
50.63% (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
(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


Headline Trends for Costamare (NYSE:CMRE)
Latest Headlines for Costamare (NYSE:CMRE)
DateHeadline logoCostamare Inc. Sets the Date for Its Third Quarter 2017 Results Release, Conference Call and Webcast - October 18 at 6:45 PM logoAnalyzing Costamare (CMRE) & The Competition - October 17 at 12:54 PM logoHead to Head Analysis: Costamare (CMRE) and Its Peers - October 17 at 10:36 AM logo$104.14 Million in Sales Expected for Costamare Inc. (CMRE) This Quarter - October 17 at 1:20 AM logoETFs with exposure to Costamare Inc. : October 16, 2017 - October 16 at 6:03 PM logoCostamare Inc. – Value Analysis (NYSE:CMRE) : October 16, 2017 - October 16 at 6:03 PM logoCostamare Inc. (CMRE) Scheduled to Post Earnings on Monday - October 16 at 3:28 AM logo Brokerages Expect Costamare Inc. (CMRE) Will Post Earnings of $0.17 Per Share - October 15 at 10:24 PM logoStifel Nicolaus Reiterates Hold Rating for Costamare Inc. (CMRE) - October 15 at 11:22 AM logoCostamare Inc. breached its 50 day moving average in a Bullish Manner : CMRE-US : October 13, 2017 - October 13 at 5:55 PM logoCostamare Inc. (CMRE) Raised to "Hold" at Zacks Investment Research - October 12 at 5:46 PM logoCostamare (CMRE) vs. Danaos Corporation (DAC) Head-To-Head Analysis - October 12 at 2:34 PM logoReviewing Costamare (CMRE) & Its Rivals - October 10 at 6:24 AM logoCostamare Inc. (CMRE) Receives Average Rating of "Hold" from Brokerages - October 7 at 7:14 PM logoBidaskClub Lowers Costamare Inc. (CMRE) to Sell - October 7 at 10:44 AM logoCostamare Inc. Announces Election of Class I Director at 2017 Annual Meeting of Stockholders - GlobeNewswire (press release) - October 6 at 10:34 PM logoCostamare Inc. Announces Election of Class I Director at 2017 Annual Meeting of Stockholders - October 5 at 4:25 PM logoCostamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock - October 5 at 11:15 AM logoHead-To-Head Comparison: Tsakos Energy Navigation (TNP) vs. Costamare (CMRE) - October 3 at 6:22 PM logoCostamare Inc. Declares Quarterly Dividend of $0.10 (CMRE) - October 3 at 8:18 AM logoContrasting Costamare (CMRE) & Its Rivals - October 2 at 4:18 PM logo Brokerages Expect Costamare Inc. (CMRE) Will Announce Quarterly Sales of $104.69 Million - September 29 at 8:36 AM logo Analysts Anticipate Costamare Inc. (CMRE) Will Announce Earnings of $0.19 Per Share - September 27 at 6:20 AM logoAnalyzing Seaspan Corporation (SSW) and Costamare (CMRE) - September 25 at 10:30 PM logoETFs with exposure to Costamare Inc. : September 25, 2017 - September 25 at 12:22 PM logoCostamare (CMRE) & Its Competitors Head to Head Comparison - September 23 at 12:16 PM logoDaily Technical Summary Reports on Shipping Stocks -- Costamare, Diana Shipping, Gener8 Maritime, and Navios Maritime Acquisition - September 19 at 5:19 PM logoETFs with exposure to Costamare Inc. : September 14, 2017 - September 14 at 11:07 PM logoCostamare Inc. :CMRE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 13, 2017 - September 13 at 6:34 PM logoCostamare (CMRE) vs. Scorpio Bulkers (SALT) Financial Survey - September 12 at 10:24 PM logoCostamare Inc. (CMRE) Receives Average Recommendation of "Hold" from Analysts - September 12 at 6:48 PM logoCostamare Inc. (CMRE) Expected to Post Quarterly Sales of $104.69 Million - September 10 at 5:20 AM logoHornbeck Offshore Services (HOS) vs. Costamare (CMRE) Financial Contrast - September 8 at 6:10 AM logoCostamare Inc. (CMRE) Receives Consensus Recommendation of "Hold" from Brokerages - August 18 at 6:32 PM logoCostamare (NYSE:CMRE) vs. Diana Shipping inc. (DSX) Financial Survey - August 9 at 12:10 AM logoContainer Shipping Supply Side Update (July 2017) - Seeking Alpha - August 8 at 5:04 PM logo$100.59 Million in Sales Expected for Costamare Inc. (NYSE:CMRE) This Quarter - August 4 at 8:26 AM logo$0.19 Earnings Per Share Expected for Costamare Inc. (NYSE:CMRE) This Quarter - August 2 at 4:30 PM logoCostamare Inc. Announces 2017 Annual Meeting of Stockholders - July 27 at 5:39 PM logoEdited Transcript of CMRE earnings conference call or presentation 26-Jul-17 12:30pm GMT - July 27 at 3:30 AM logoCostamare's (CMRE) Q2 2017 Results - Earnings Call Transcript - Seeking Alpha - July 26 at 5:56 PM logoInvestor Network: Costamare Inc. to Host Earnings Call - July 26 at 5:56 PM logoCostamare Inc. (NYSE:CMRE) Releases Earnings Results, Beats Estimates By $0.01 EPS - July 26 at 1:14 PM logoCostamare beats 2Q profit forecasts - July 25 at 10:26 PM logoCostamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2017 - July 25 at 5:19 PM logoCostamare Inc. (NYSE:CMRE) Receives Consensus Rating of "Hold" from Brokerages - July 24 at 6:50 PM logoCostamare Inc. (CMRE) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq - July 20 at 7:13 PM logoCostamare Inc. Sets the Date for Its Second Quarter 2017 Results Release, Conference Call and Webcast - July 18 at 6:51 PM logoCostamare Inc. (CMRE) to Release Earnings on Tuesday - July 18 at 9:09 AM logoA 9.4% Preferred Yield From A Profitable Shipper With A $5 Billion Revenue Backlog - Seeking Alpha - July 17 at 5:41 PM



Costamare (CMRE) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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