Costamare Inc. (CMRE)
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]
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 StatementsAnalyst 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.
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...
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...
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 - ...
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 ...
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
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...
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...
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...
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...
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
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,...
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 ...
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...
SMR, CMRE: Finding Opportunities Outside of Semiconductors
There's more to generating A.I. than just the chips in those computers, notes Ross Givens.
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...
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...
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”).
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
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...
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...
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...
Costamare Inc. (CMRE) Q4 2023 Earnings Call Transcript
Costamare Inc. (CMRE) Q4 2023 Earnings Call Transcript
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...
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...
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