Costamare Inc. (CMRE)

NYSE: CMRE · IEX Real-Time Price · USD
9.74
-0.15 (-1.52%)
Dec 6, 2023, 4:00 PM EST - Market closed
-1.52%
Market Cap 1.15B
Revenue (ttm) 1.28B
Net Income (ttm) 444.77M
Shares Out 120.01M
EPS (ttm) 3.65
PE Ratio 2.67
Forward PE n/a
Dividend $0.46 (4.72%)
Ex-Dividend Date Oct 19, 2023
Volume 370,261
Open 9.88
Previous Close 9.89
Day's Range 9.68 - 10.04
52-Week Range 7.71 - 11.85
Beta 1.43
Analysts Buy
Price Target 10.67 (+9.55%)
Earnings Date Nov 1, 2023

About CMRE

Costamare Inc. engages in owning and chartering containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 21, 2023, it had a fleet of fleet of 71 containerships and 45 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 2,700
Stock Exchange NYSE
Ticker Symbol CMRE
Full Company Profile

Financial Performance

In 2022, Costamare's revenue was $1.11 billion, an increase of 40.35% compared to the previous year's $793.64 million. Earnings were $523.89 million, an increase of 29.66%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CMRE stock is "Buy." The 12-month stock price forecast is $10.67, which is an increase of 9.55% from the latest price.

Price Target
$10.67
(9.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2023

MONACO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter (“Q3 2023”) and nine-months ended ...

5 weeks ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Third Quarter 2023 Results Release, Conference Call and Webcast

Earnings Release: Wednesday, November 1, 2023, Before Market Opens Conference Call and Webcast: Wednesday, November 1, 2023, at 8:30 a.m. ET

5 weeks ago - GlobeNewsWire

Costamare Inc. Announces Election of Class I Director at 2023 Annual Meeting of Stockholders

MONACO, Oct. 03, 2023 (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...

2 months ago - GlobeNewsWire

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

MONACO, Oct. 02, 2023 (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...

2 months ago - GlobeNewsWire

Costamare Inc. Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2023

MONACO, July 28, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter (“Q2 2023”) and six-months ended ...

4 months ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Second Quarter 2023 Results Release, Conference Call and Webcast

Earnings Release: Friday, July 28, 2023, Before Market Opens Conference Call and Webcast: Friday, July 28, 2023, at 8:30 a.m. ET

4 months ago - GlobeNewsWire

Costamare Inc. Announces 2023 Annual Meeting of Stockholders

MONACO, July 12, 2023 (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 ...

5 months ago - GlobeNewsWire

Costamare Inc. Appoints New Chief Commercial Officer

MONACO, July 05, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “Costamare”) (NYSE: CMRE) has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Cos...

5 months ago - GlobeNewsWire

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

MONACO, July 03, 2023 (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...

5 months ago - GlobeNewsWire

Costamare Inc. Reports Results for the First Quarter Ended March 31, 2023

MONACO, May 15, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2023 (“Q1 2023”).

7 months ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its First Quarter 2023 Results release, Conference Call and Webcast

Earnings Release: Monday, May 15, 2023, Before Market Opens Conference Call and Webcast: Monday, May 15, 2023, at 8:30 a.m. ET MONACO, May 10, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), anno...

7 months ago - GlobeNewsWire

Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2022

MONACO, April 03, 2023 (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, 2022 (t...

8 months ago - GlobeNewsWire

Costamare Inc. Announces Investment in Neptune Maritime Leasing Limited

MONACO, March 16, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) has agreed to become the leading investor in Neptune Maritime Leasing Limited (“Neptune Leasing”) ...

9 months ago - GlobeNewsWire

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2022

MONACO, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter (“Q4 2022”) and year ended Decemb...

10 months ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Fourth Quarter 2022 Results Release, Conference Call and Webcast

Earnings Release: Wednesday, February 8, 2023, Before Market Opens Conference Call and Webcast: Wednesday, February 8, 2023, at 8:30 a.m. ET

10 months ago - GlobeNewsWire

Costamare Inc. Announces Formation of New Dry Bulk Operating Platform

MONACO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Following its strategic decision to enter the dry bulk sector at an opportune time in the cycle, Costamare Inc. (“Costamare” or the “Company”) has proceeded t...

1 year ago - GlobeNewsWire

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2022

MONACO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter (“Q3 2022”) and nine-months ended ...

1 year ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Third Quarter 2022 Results Release, Conference Call and Webcast

Earnings Release: Wednesday, November 2, 2022, Before Market Opens Conference Call and Webcast: Wednesday, November 2, 2022, at 9:00 a.m. ET

1 year ago - GlobeNewsWire

Costamare Inc. Announces Election of Class III Directors at 2022 Annual Meeting of Stockholders

MONACO, Oct. 06, 2022 (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...

1 year ago - GlobeNewsWire

Costamare Inc. Announces 2022 Annual Meeting of Stockholders

MONACO, July 29, 2022 (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 ...

1 year ago - GlobeNewsWire

Costamare Inc. Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2022

MONACO, July 28, 2022 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter (“Q2 2022”) and six-months ended ...

1 year ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its Second Quarter 2022 Results Release, Conference Call and Webcast

Earnings Release: Thursday, July 28, 2022, Before Market Opens Conference Call and Webcast: Thursday, July 28, 2022, at 10:00 a.m. ET

1 year ago - GlobeNewsWire

Costamare Inc. Announces Closing of $500 Million Syndicated Loan Facility

MONACO, May 26, 2022 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE: CMRE) announces the closing of a 5-year syndicated loan facility for an amount of up to $500 million. Proceeds from the loan will be used...

1 year ago - GlobeNewsWire

Costamare Inc. Reports Results for the First Quarter Ended March 31, 2022

MONACO, May 05, 2022 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2022 (“Q1 2022”).

1 year ago - GlobeNewsWire

Costamare Inc. Sets the Date for Its First Quarter 2022 Results Release, Conference Call and Webcast

Earnings Release: Thursday, May 5, 2022, Before Market Opens Conference Call and Webcast: Thursday, May 5, 2022, at 8:30 a.m. ET

1 year ago - GlobeNewsWire