NYSE:CMRE Costamare (CMRE) Stock Price, News & Analysis → Dems have chosen Biden replacement? (From Paradigm Press) (Ad) Free CMRE Stock Alerts $13.37 -0.06 (-0.45%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$12.77▼$13.8150-Day Range$10.68▼$13.4552-Week Range$7.71▼$13.81Volume1.69 million shsAverage Volume397,007 shsMarket Capitalization$1.57 billionP/E Ratio4.53Dividend Yield3.44%Price Target$11.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Costamare alerts: Email Address Costamare MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside12.7% Downside$11.67 Price TargetShort InterestHealthy3.20% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.15Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth-4.01%From $2.74 to $2.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.90 out of 5 starsTransportation Sector87th out of 117 stocksDeep Sea Foreign Transportation Of Freight Industry23rd out of 28 stocks 1.2 Analyst's Opinion Consensus RatingCostamare has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageCostamare has only been the subject of 2 research reports in the past 90 days.Read more about Costamare's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.20% of the float of Costamare has been sold short.Short Interest Ratio / Days to CoverCostamare has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Costamare has recently increased by 12.10%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCostamare pays a meaningful dividend of 3.43%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCostamare does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Costamare is 15.59%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Costamare will have a dividend payout ratio of 17.49% next year. This indicates that Costamare will be able to sustain or increase its dividend.Read more about Costamare's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CMRE. Previous Next 2.3 News and Social Media Coverage News SentimentCostamare has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Costamare this week, compared to 2 articles on an average week.Search Interest15 people have searched for CMRE on MarketBeat in the last 30 days. This is an increase of 1,400% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Costamare to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Costamare insiders have not sold or bought any company stock.Percentage Held by Insiders23.20% of the stock of Costamare is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions58.08% of the stock of Costamare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Costamare's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Costamare are expected to decrease by -4.01% in the coming year, from $2.74 to $2.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Costamare is 4.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Costamare is 4.53, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 20.89.Price to Book Value per Share RatioCostamare has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Costamare's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now About Costamare Stock (NYSE: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 CMRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CMRE Stock News HeadlinesMay 11, 2024 | finance.yahoo.comCostamare First Quarter 2024 Earnings: EPS: US$0.79 (vs US$1.16 in 1Q 2023)May 11, 2024 | americanbankingnews.comCostamare (NYSE:CMRE) Sees Strong Trading Volume Following Analyst UpgradeMay 11, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.May 10, 2024 | investorplace.comCMRE Stock Earnings: Costamare Misses EPS, Beats Revenue for Q1 2024May 10, 2024 | washingtonpost.comCostamare: Q1 Earnings SnapshotMay 10, 2024 | globenewswire.comCostamare Inc. Reports Results for the First Quarter Ended March 31, 2024May 9, 2024 | americanbankingnews.comCostamare (CMRE) Set to Announce Quarterly Earnings on FridayMay 7, 2024 | globenewswire.comCostamare Inc. Sets the Date for Its First Quarter 2024 Results Release, Conference Call and WebcastMay 11, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.May 4, 2024 | americanbankingnews.comCostamare (NYSE:CMRE) Sets New 52-Week High at $12.40April 29, 2024 | investorplace.com7 Diamond-in-the-Rough Stocks Worth Digging Up NowApril 27, 2024 | finance.yahoo.comReturns Are Gaining Momentum At Costamare (NYSE:CMRE)April 16, 2024 | finance.yahoo.comZacks Industry Outlook Highlights Danaos, Costamare and Seanergy MaritimeApril 6, 2024 | finance.yahoo.comCostamare (NYSE:CMRE) Will Pay A Dividend Of $0.115April 3, 2024 | msn.comCostamare Inc. PERP PFD SER C declares $0.5313 dividendApril 3, 2024 | finance.yahoo.comCostamare Full Year 2023 Earnings: EPS: US$2.95 (vs US$4.26 in FY 2022)April 2, 2024 | msn.comCostamare Inc. PERP PFD SER B declares $0.4766 dividendApril 2, 2024 | msn.comCostamare Inc. 8.87% CUM PFD E declares $0.5547 dividendApril 2, 2024 | globenewswire.comCostamare Inc. Declares Quarterly Dividend on Its Preferred and Common StockMarch 29, 2024 | globenewswire.comCostamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2023March 18, 2024 | seekingalpha.comCostamare PFD E: No Obvious Credit Angle, No Obvious Duration AngleMarch 15, 2024 | wsj.comCostamare Inc.March 7, 2024 | investorplace.comWall Street's Best Kept Secrets: 7 Little-Known Stocks to LoveMarch 7, 2024 | seekingalpha.comCostamare: The Dry Bulk Sector, FCF Growth Make It CheapFebruary 27, 2024 | benzinga.comCostamare Stock (NYSE:CMRE), Quotes and News SummaryFebruary 24, 2024 | msn.comCostamare (CMRE) Price Target Increased by 14.52% to 12.07February 22, 2024 | uk.finance.yahoo.comCMRE Mar 2024 12.000 putSee More Headlines Receive CMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Costamare and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/07/2024Ex-Dividend for 5/6 Dividend4/18/2024Dividend Payable5/06/2024Today5/11/2024Next Earnings (Estimated)7/26/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNYSE:CMRE CUSIPN/A CIK1503584 Webwww.costamare.com Phone(779) 325-0940Fax377-9325-0942Employees2,750Year Founded1974Price Target and Rating Average Stock Price Target$11.67 High Stock Price Target$12.00 Low Stock Price Target$11.00 Potential Upside/Downside-12.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.95 Trailing P/E Ratio4.53 Forward P/E Ratio4.88 P/E GrowthN/ANet Income$385.75 million Net Margins25.26% Pretax Margin25.21% Return on Equity11.37% Return on Assets5.12% Debt Debt-to-Equity Ratio0.83 Current Ratio1.69 Quick Ratio1.59 Sales & Book Value Annual Sales$1.51 billion Price / Sales1.04 Cash Flow$4.05 per share Price / Cash Flow3.30 Book Value$20.73 per share Price / Book0.64Miscellaneous Outstanding Shares117,640,000Free Float90,349,000Market Cap$1.57 billion OptionableOptionable Beta1.32 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Konstantinos V. Konstantakopoulos (Age 55)Chairman & CEO Mr. Gregory G. Zikos (Age 55)CFO & Director Mr. Anastasios Gabrielides (Age 59)General Counsel & Secretary Mr. Peter LundChief Commercial OfficerKey CompetitorsDanaosNYSE:DACNavios Maritime PartnersNYSE:NMMZIM Integrated Shipping ServicesNYSE:ZIMDorian LPGNYSE:LPGCadeler A/SNYSE:CDLRView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 35,903 shares on 5/10/2024Ownership: 0.271%Acadian Asset Management LLCBought 103,353 shares on 5/10/2024Ownership: 0.088%Russell Investments Group Ltd.Bought 143,620 shares on 5/8/2024Ownership: 0.122%Empowered Funds LLCBought 38,168 shares on 5/7/2024Ownership: 0.429%Susquehanna Fundamental Investments LLCBought 23,299 shares on 5/7/2024Ownership: 0.020%View All Institutional Transactions CMRE Stock Analysis - Frequently Asked Questions Should I buy or sell Costamare stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMRE, but not buy additional shares or sell existing shares. View CMRE analyst ratings or view top-rated stocks. What is Costamare's stock price target for 2024? 3 brokerages have issued 1-year price targets for Costamare's shares. Their CMRE share price targets range from $11.00 to $12.00. On average, they expect the company's stock price to reach $11.67 in the next twelve months. This suggests that the stock has a possible downside of 12.7%. View analysts price targets for CMRE or view top-rated stocks among Wall Street analysts. How have CMRE shares performed in 2024? Costamare's stock was trading at $10.41 at the beginning of 2024. Since then, CMRE shares have increased by 28.4% and is now trading at $13.37. View the best growth stocks for 2024 here. Are investors shorting Costamare? Costamare saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,390,000 shares, an increase of 12.1% from the April 15th total of 1,240,000 shares. Based on an average daily volume of 405,200 shares, the short-interest ratio is presently 3.4 days. Currently, 3.2% of the company's stock 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 Friday, July 26th 2024. View our CMRE earnings forecast. How were Costamare's earnings last quarter? Costamare Inc. (NYSE:CMRE) posted its quarterly earnings data on Wednesday, February, 7th. The shipping company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The shipping company had revenue of $494.85 million for the quarter, compared to analysts' expectations of $419 million. Costamare had a net margin of 25.26% and a trailing twelve-month return on equity of 11.37%. During the same period in the prior year, the company earned $0.61 EPS. How often does Costamare pay dividends? What is the dividend yield for Costamare? Costamare announced a quarterly dividend on Tuesday, April 2nd. Investors of record on Friday, April 19th will be given a dividend of $0.115 per share on Monday, May 6th. This represents a $0.46 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, April 18th. 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 3.43%. The dividend payout ratio is 15.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 17.49% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CMRE. What ETFs hold Costamare's stock? ETFs with the largest weight of Costamare (NYSE:CMRE) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).Roundhill Acquirers Deep Value ETF (DEEP). 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). Who are Costamare's major shareholders? Costamare's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Empowered Funds LLC (0.43%), Vanguard Group Inc. (0.27%), Los Angeles Capital Management LLC (0.19%), Russell Investments Group Ltd. (0.12%), Acadian Asset Management LLC (0.09%) and BNP Paribas Financial Markets (0.09%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:CMRE) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithProtect Your Bank Account Before It’s Too LateWeiss RatingsElon to Transform U.S. Economy? Porter & CompanyMissed NVDA? Buy this AI stock NOWChaikin AnalyticsUrgent Nvidia WarningAltimetryForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Costamare Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
