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T   19.26 (-1.63%)
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NYSE:CMRE

Costamare - CMRE Stock Forecast, Price & News

$10.35
+0.09 (+0.88%)
(As of 02/7/2023 03:13 PM ET)
Add
Compare
Today's Range
$10.22
$10.53
50-Day Range
$8.67
$10.56
52-Week Range
$8.55
$18.01
Volume
442,265 shs
Average Volume
593,055 shs
Market Capitalization
$1.26 billion
P/E Ratio
2.60
Dividend Yield
4.46%
Price Target
$14.33

Costamare MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
38.4% Upside
$14.33 Price Target
Short Interest
Healthy
4.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.12mentions of Costamare in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.46%
From $3.49 to $3.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Transportation Sector

9th out of 119 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 29 stocks

CMRE stock logo

About Costamare (NYSE:CMRE) Stock

Costamare, 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.

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CMRE Stock News Headlines

Costamare Q4 2022 Earnings Preview
Costamare (CMRE) to Report Q4 Earnings: What's in Store?
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
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Is Trending Stock Costamare Inc. (CMRE) a Buy Now?
Costamare Glides On Charter Durations
Costamare (CMRE) Stock Moves -0.23%: What You Should Know
See More Headlines
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CMRE Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 2/7 Dividend
1/19/2023
Today
2/07/2023
Dividend Payable
2/07/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
2,750
Year Founded
1974

Price Target and Rating

Average Stock Price Forecast
$14.33
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+38.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$435.12 million
Pretax Margin
46.07%

Debt

Sales & Book Value

Annual Sales
$793.64 million
Cash Flow
$3.85 per share
Book Value
$13.98 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.26 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Konstantinos Vasileios Konstantakopoulos
    Chairman & Chief Executive Officer
  • Gregory G. Zikos
    Chief Financial Officer & Director
  • Anastassios Gabrielides
    Secretary & General Counsel













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 brokers have issued 1 year target prices for Costamare's shares. Their CMRE share price forecasts range from $11.00 to $19.00. On average, they predict the company's stock price to reach $14.33 in the next year. This suggests a possible upside of 39.6% 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 10.7% and is now trading at $10.27.
View the best growth stocks for 2023 here
.

Are investors shorting Costamare?

Costamare saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,010,000 shares, an increase of 9.8% from the December 31st total of 1,830,000 shares. Based on an average daily volume of 617,200 shares, the short-interest ratio is currently 3.3 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 Wednesday, February 8th 2023.
View our CMRE earnings forecast
.

How can I listen to Costamare's earnings call?

Costamare will be holding an earnings conference call on Wednesday, February 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8914429".

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) announced its quarterly earnings results on Tuesday, October, 26th. The shipping company reported $0.66 earnings per share 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 analyst estimates of $228.60 million. Costamare had a net margin of 46.07% and a trailing twelve-month return on equity of 25.08%. During the same quarter last year, the company posted $0.22 EPS.

How often does Costamare pay dividends? What is the dividend yield for Costamare?

Costamare declared a quarterly dividend on Tuesday, January 3rd. Investors 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 yield of 4.48%. The ex-dividend date of this dividend is Thursday, January 19th.
Read our dividend analysis for CMRE
.

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 4.46%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 11.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 12.04% 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 retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (0.16%), Kendall Capital Management (0.10%), Graham Capital Wealth Management LLC (0.06%), SummerHaven Investment Management LLC (0.06%), Moors & Cabot Inc. (0.04%) and Simplex Trading LLC (0.00%).

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 $10.27.

How much money does Costamare make?

Costamare (NYSE:CMRE) has a market capitalization of $1.25 billion and generates $793.64 million in revenue each year. The shipping company earns $435.12 million in net income (profit) each year or $3.98 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 2/7/2023 by MarketBeat.com Staff