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Stock market today: Asian shares are mostly higher after another set of Wall St records
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:CMRE

Costamare (CMRE) Stock Price, News & Analysis

$11.36
+0.07 (+0.62%)
(As of 03/28/2024 ET)
Today's Range
$11.27
$11.45
50-Day Range
$10.28
$11.57
52-Week Range
$7.71
$11.85
Volume
340,707 shs
Average Volume
464,135 shs
Market Capitalization
$1.34 billion
P/E Ratio
3.85
Dividend Yield
4.05%
Price Target
$10.50

Costamare MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.6% Downside
$10.50 Price Target
Short Interest
Healthy
3.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-5.13%
From $2.73 to $2.59 Per Share

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.

1.45 out of 5 stars

Transportation Sector

94th out of 113 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 25 stocks

CMRE stock logo

About Costamare Stock (NYSE: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.

CMRE Stock Price History

CMRE Stock News Headlines

Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
Costamare Inc.
Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
CMRE Mar 2024 12.000 put
CMRE Jun 2024 15.000 call
CMRE Jun 2024 8.000 put
CMRE Feb 2024 9.000 call
Stifel Nicolaus Reaffirms Their Hold Rating on Costamare (CMRE)
Costamare is about to announce its earnings — here's what to expect
Costamare (CMRE) Beats Q4 Earnings and Revenue Estimates
Costamare Q4 2023 Earnings Preview
Are Investors Undervaluing Costamare (CMRE) Right Now?
Costamare declares $0.115 dividend
Costamare Inc (LCM.MU)
See More Headlines
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Company Calendar

Ex-Dividend for 2/7 Dividend
1/19/2024
Last Earnings
2/07/2024
Dividend Payable
2/07/2024
Today
3/29/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
2,700
Year Founded
1974

Price Target and Rating

Average Stock Price Target
$10.50
High Stock Price Target
$11.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$385.75 million
Pretax Margin
25.21%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$4.03 per share
Book Value
$20.73 per share

Miscellaneous

Free Float
90,349,000
Market Cap
$1.34 billion
Optionable
Optionable
Beta
1.39

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CMRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Costamare stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CMRE shares.
View CMRE analyst ratings
or view top-rated stocks.

What is Costamare's stock price target for 2024?

2 equities research analysts have issued 12-month price targets for Costamare's stock. Their CMRE share price targets range from $10.00 to $11.00. On average, they predict the company's stock price to reach $10.50 in the next year. This suggests that the stock has a possible downside of 7.6%.
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 start of the year. Since then, CMRE stock has increased by 9.1% and is now trading at $11.36.
View the best growth stocks for 2024 here
.

Are investors shorting Costamare?

Costamare saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 1,310,000 shares, a decline of 14.4% from the January 31st total of 1,530,000 shares. Based on an average daily trading volume, of 505,500 shares, the short-interest ratio is presently 2.6 days. Approximately 2.9% 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 Monday, May 20th 2024.
View our CMRE earnings forecast
.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) posted its earnings results on Wednesday, February, 7th. The shipping company reported $0.68 earnings per share (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 previous year, the company posted $0.61 EPS.

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

Costamare announced a quarterly dividend on Tuesday, January 2nd. Investors of record on Monday, January 22nd will be paid a dividend of $0.115 per share on Wednesday, February 7th. This represents a $0.46 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, 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 4.11%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 17.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

What ETF holds Costamare's stock?

SonicShares Global Shipping ETF holds 23,749 shares of CMRE stock, representing 1.37% of its portfolio.

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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.01%), Bridgeway Capital Management LLC (1.12%), Nuveen Asset Management LLC (0.49%), Simplex Trading LLC (0.00%), Charles Schwab Investment Management Inc. (0.40%) and Denali Advisors LLC (0.38%).

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 3/29/2024 by MarketBeat.com Staff

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