NYSE:CMRE Costamare (CMRE) Stock Price, News & Analysis → Elon to Transform U.S. Economy? (From Porter & Company) (Ad) Free CMRE Stock Alerts $12.48 +0.12 (+0.97%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$12.23▼$12.5050-Day Range$10.68▼$12.3552-Week Range$7.71▼$12.49Volume291,351 shsAverage Volume431,120 shsMarket Capitalization$1.47 billionP/E Ratio4.23Dividend Yield3.69%Price Target$11.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Costamare alerts: Email Address Costamare MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside7.9% Downside$11.50 Price TargetShort InterestHealthy2.86% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.46Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-3.66%From $2.73 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.2.72 out of 5 starsTransportation Sector409th out of 678 stocksDeep Sea Foreign Transportation Of Freight Industry103rd out of 156 stocks 1.3 Analyst's Opinion Consensus RatingCostamare has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCostamare has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.86% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Costamare has recently decreased by 2.36%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipCostamare is a leading dividend payer. It pays a dividend yield of 3.84%, putting its dividend yield in the top 25% of dividend-paying stocks.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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CMRE. Previous Next 2.5 News and Social Media Coverage News SentimentCostamare has a news sentiment score of 0.46. 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 news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Costamare this week, compared to 2 articles on an average week.Search Interest14 people have searched for CMRE on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Costamare to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Costamare are expected to decrease by -3.66% in the coming year, from $2.73 to $2.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Costamare is 4.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Costamare is 4.23, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.99.Price to Book Value per Share RatioCostamare has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchGlobal crypto currency reset (41 major banks signed up)Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project... Here's everything you need to know. 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 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 NowMay 4, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.April 28, 2024 | americanbankingnews.comCostamare (NYSE:CMRE) Reaches New 52-Week High at $11.90April 27, 2024 | finance.yahoo.comReturns Are Gaining Momentum At Costamare (NYSE:CMRE)April 25, 2024 | americanbankingnews.comCostamare (NYSE:CMRE) Downgraded by StockNews.com to "Hold"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 $0.115May 4, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.April 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 putFebruary 16, 2024 | finance.yahoo.comCMRE Jun 2024 15.000 callFebruary 16, 2024 | finance.yahoo.comCMRE Jun 2024 8.000 putFebruary 15, 2024 | ca.finance.yahoo.comCMRE Feb 2024 9.000 callFebruary 12, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Hold Rating on Costamare (CMRE)February 10, 2024 | finance.yahoo.comCostamare Inc. (NYSE:CMRE) Q4 2023 Earnings Call TranscriptSee 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 Ex-Dividend for 2/7 Dividend1/19/2024Last Earnings2/07/2024Dividend Payable2/07/2024Ex-Dividend for 5/6 Dividend4/18/2024Today5/04/2024Dividend Payable5/06/2024Next Earnings (Estimated)5/20/2024Fiscal 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$11.50 High Stock Price Target$12.00 Low Stock Price Target$11.00 Potential Upside/Downside-7.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.95 Trailing P/E Ratio4.23 Forward P/E Ratio4.57 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 / Sales0.97 Cash Flow$4.15 per share Price / Cash Flow3.01 Book Value$20.73 per share Price / Book0.60Miscellaneous Outstanding Shares117,640,000Free Float90,349,000Market Cap$1.47 billion OptionableOptionable Beta1.32 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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:ZIMCadeler A/SNYSE:CDLRDorian LPGNYSE:LPGView All CompetitorsInstitutional OwnershipBNP Paribas Financial MarketsBought 19,998 shares on 5/1/2024Ownership: 0.087%Commonwealth Equity Services LLCSold 29,728 shares on 4/30/2024Ownership: 0.053%Allspring Global Investments Holdings LLCBought 1,390 shares on 4/30/2024Ownership: 0.034%Cutter & CO Brokerage Inc.Sold 5,000 shares on 4/30/2024Ownership: 0.013%Principal Financial Group Inc.Bought 40,099 shares on 4/29/2024Ownership: 0.034%View All Institutional Transactions CMRE Stock Analysis - Frequently Asked Questions Should I buy or sell Costamare stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued twelve-month target prices for Costamare's shares. Their CMRE share price targets range from $11.00 to $12.00. On average, they expect the company's share price to reach $11.50 in the next twelve months. This suggests that the stock has a possible downside of 7.9%. 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 stock has increased by 19.9% and is now trading at $12.48. View the best growth stocks for 2024 here. Are investors shorting Costamare? Costamare saw a decrease in short interest in March. As of March 31st, there was short interest totaling 1,270,000 shares, a decrease of 6.6% from the March 15th total of 1,360,000 shares. Based on an average daily volume of 441,300 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.8% of the shares of the stock are sold short. 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, topping 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 trailing twelve-month return on equity of 11.37% and a net margin of 25.26%. During the same period in the prior year, the business posted $0.61 earnings per share. How often does Costamare pay dividends? What is the dividend yield for Costamare? Costamare declared a quarterly dividend on Tuesday, April 2nd. Shareholders 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 dividend yield of 3.69%. 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 3.84%. 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 many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.19%), BNP Paribas Financial Markets (0.09%), Commonwealth Equity Services LLC (0.05%), Allspring Global Investments Holdings LLC (0.03%), Allspring Global Investments Holdings LLC (0.03%) and Principal Financial Group Inc. (0.03%). 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 5/4/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldElon to Transform U.S. Economy? 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