Costamare Inc. (CMRE)

NYSE: CMRE · Real-Time Price · USD
12.74
-0.07 (-0.55%)
Dec 30, 2024, 12:34 PM EST - Market open
-0.55%
Market Cap 1.53B
Revenue (ttm) 2.03B
Net Income (ttm) 357.52M
Shares Out 119.80M
EPS (ttm) 3.01
PE Ratio 4.26
Forward PE 4.60
Dividend $0.46 (3.64%)
Ex-Dividend Date Oct 21, 2024
Volume 69,887
Open 12.68
Previous Close 12.81
Day's Range 12.59 - 12.77
52-Week Range 10.14 - 17.58
Beta 1.33
Analysts Hold
Price Target 13.50 (+5.97%)
Earnings Date Feb 5, 2025

About CMRE

Costamare Inc. owns and operates containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 19, 2024, it had a fleet of fleet of 68 containerships and 37 dry bulk vessels. The company was founded in 1974 and is based in Monaco. [Read more]

Industry Marine Shipping
Sector Industrials
IPO Date Nov 4, 2010
Employees 2,750
Stock Exchange NYSE
Ticker Symbol CMRE
Full Company Profile

Financial Performance

In 2023, Costamare's revenue was $1.51 billion, an increase of 35.69% compared to the previous year's $1.11 billion. Earnings were $354.68 million, a decrease of -32.30%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CMRE stock is "Hold." The 12-month stock price forecast is $13.5, which is an increase of 5.97% from the latest price.

Price Target
$13.5
(5.97% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Costamare: Attractive Valuations And A 3.5% Dividend Yield

Initiating coverage on Costamare with a "Buy" rating and an 18–24 month horizon due to attractive valuation and sustainable dividends. Strong fundamentals: robust liquidity, healthy credit metrics, an...

20 days ago - Seeking Alpha

Neptune Maritime Leasing Awarded “Shipping Financier of the Year 2024” By Lloyd's List Greek Shipping Awards

ST HELIER, Jersey, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”), a growth-oriented maritime leasing platform with the mission to providing sh...

21 days ago - GlobeNewsWire

Costamare Inc. (CMRE) Q3 2024 Earnings Call Transcript

Costamare Inc. (NYSE:CMRE) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Gregory Zikos - CFO Conference Call Participants Omar Nokta - Jefferies Clement Mullins - ...

2 months ago - Seeking Alpha

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2024

MONACO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter (“Q3 2024”) and nine-months ended ...

2 months ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Third Quarter 2024 Results Release, Conference Call and Webcast

Earnings Release: Friday, November 1, 2024, Before Market Opens Conference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET

2 months ago - GlobeNewsWire

Ex-Dividend Reminder: Caterpillar, Graco And Costamare

On 10/21/24, Caterpillar, Graco and Costamare will all trade ex-dividend for their respective upcoming dividends. Caterpillar will pay its quarterly dividend of $1.41 on 11/20/24, Graco will pay its q...

Other symbols: CATGGG
2 months ago - Forbes

Costamare Inc. Announces Election of Class II Directors at 2024 Annual Meeting of Stockholders

MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of...

3 months ago - GlobeNewsWire

Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock

MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Prefe...

3 months ago - GlobeNewsWire

Costamare Inc. (CMRE) Q2 2024 Earnings Call Transcript

Costamare Inc. (NYSE:CMRE) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Gregory Zikos - CFO Conference Call Participants Dylan O'Malley - Stifel Climent Molins - Va...

5 months ago - Seeking Alpha

Costamare Inc. Sets the Date for Its Second Quarter 2024 Results Release, Conference Call and Webcast

Earnings Release: Wednesday, July 31, 2024, Before Market Opens Conference Call and Webcast: Wednesday, July 31, 2024, at 8:30 a.m. ET

5 months ago - GlobeNewsWire

Costamare Inc. Completes Full Redemption of Its Outstanding Shares of Series E Preferred Stock

MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “we” or “our”) (NYSE: CMRE) announced today that the Company has completed the previously announced redemption of all of its 4,...

5 months ago - GlobeNewsWire

Costamare Inc. Announces 2024 Annual Meeting of Stockholders

MONACO, July 12, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced today that its ...

6 months ago - GlobeNewsWire

Neptune Maritime Leasing Awarded Marine Money's Private Equity Deal of the Year 2023

ST HELIER, Jersey, June 25, 2024 (GLOBE NEWSWIRE) -- Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”), a growth-oriented maritime leasing platform with the mission to providing sh...

6 months ago - GlobeNewsWire

SMR, CMRE: Finding Opportunities Outside of Semiconductors

There's more to generating A.I. than just the chips in those computers, notes Ross Givens.

Other symbols: SMR
6 months ago - Schwab Network

Costamare Inc. Announces Full Redemption of its Outstanding Shares of Series E Preferred Stock

MONACO , June 14, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “we” or “our”) (NYSE: CMRE) announced today that the Company will redeem all of its outstanding shares of 8.875% Series E Cumu...

7 months ago - GlobeNewsWire

Costamare Inc. (CMRE) Q1 2024 Earnings Call Transcript

Costamare Inc. (NYSE:CMRE) Q1 2024 Earnings Conference Call May 10, 2024 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Climent Molins - Value In...

8 months ago - Seeking Alpha

Costamare Inc. Reports Results for the First Quarter Ended March 31, 2024

MONACO, May 10, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2024 (“Q1 2024”).

8 months ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its First Quarter 2024 Results Release, Conference Call and Webcast

Earnings Release: Friday, May 10, 2024, Before Market Opens Conference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET

8 months ago - GlobeNewsWire

Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2023

MONACO, March 29, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “we” or “our”) (NYSE: CMRE) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (t...

9 months ago - GlobeNewsWire

Costamare PFD E: No Obvious Credit Angle, No Obvious Duration Angle

The Series E preferreds are the most junior of the preferreds, although it barely matters since the preferred stack in all is very small compared to debt. Implied credit ratings on the preferreds base...

10 months ago - Seeking Alpha

Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap

Costamare is experiencing growth momentum in the dry bulk sector, which could drive net sales and EPS growth. The company has a significant amount of cash on hand and a strong liquidity position. Rece...

10 months ago - Seeking Alpha

Costamare Inc. (CMRE) Q4 2023 Earnings Call Transcript

Costamare Inc. (CMRE) Q4 2023 Earnings Call Transcript

11 months ago - Seeking Alpha

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

MONACO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter (“Q4 2023”) and year ended Decemb...

11 months ago - GlobeNewsWire

J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments

J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a mu...

11 months ago - Seeking Alpha

Costamare Inc. Sets The Date For Its Fourth Quarter 2023 Results Release, Conference Call And Webcast

Earnings Release: Wednesday, February 7, 2024, Before Market Opens  Conference Call and Webcast: Wednesday, February 7, 2024, at 8:30 a.m. ET

11 months ago - GlobeNewsWire