Costamare (CMRE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.00 to $14.72
• 50-Day Range: $12.84 to $15.56
• 52-Week Range: $8.54 to $17.58
• Volume: 1.07 million shs
• Average Volume: 524,509 shs
• Market Capitalization: $1.70 billion
• P/E Ratio: 5.59
• Dividend Yield: 3.19%
• Price Target: $12.67
• Consensus Rating: Hold

Costamare Stock Analysis - MarketRank™

Costamare scored higher than 54% of companies evaluated by MarketBeat, and ranked 86th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Costamare 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 Coverage

Costamare has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -8.20%

Earnings Growth

Earnings for Costamare are expected to decrease by -8.20% in the coming year, from $3.05 to $2.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Costamare is 5.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.27.

Price to Earnings Ratio vs. Sector

The P/E ratio of Costamare is 5.59, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.46.

Price to Book Value per Share Ratio

Costamare has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.82% of the float of Costamare has been sold short.

Short Interest Ratio / Days to Cover

Costamare has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Costamare has recently decreased by 6.74%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Costamare pays a meaningful dividend of 3.40%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Costamare does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Costamare is 17.83%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Costamare will have a dividend payout ratio of 16.43% next year. This indicates that Costamare will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.82% of the float of Costamare has been sold short.

Short Interest Ratio / Days to Cover

Costamare has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Costamare has recently decreased by 6.74%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.24

News Sentiment

Costamare has a news sentiment score of 1.24. 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 higher news sentiment than the 0.58 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Costamare this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for CMRE on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Costamare insiders have not sold or bought any company stock.

Percentage Held by Insiders

23.20% 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 Institutions

58.08% of the stock of Costamare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CMRE Stock Analysis - Frequently Asked Questions

How have CMRE shares performed this year?

Costamare's stock was trading at $10.41 at the start of the year. Since then, CMRE shares have increased by 38.5% and is now trading at $14.42.
View the best growth stocks for 2024 here.

How were Costamare's earnings last quarter?

Costamare Inc. (NYSE:CMRE) released its quarterly earnings data on Wednesday, July, 31st. The shipping company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The shipping company earned $515.42 million during the quarter, compared to the consensus estimate of $380.41 million. Costamare had a net margin of 19.63% and a trailing twelve-month return on equity of 13.63%.

Who are Costamare's major shareholders?

Costamare's top institutional shareholders include Dimensional Fund Advisors LP (6.16%), Acadian Asset Management LLC (1.25%), Renaissance Technologies LLC (1.15%) and American Century Companies Inc. (0.53%).

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.

What other stocks do shareholders of Costamare own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Textainer Group (TGH).

Company Calendar

• Ex-Dividend for 8/6 Dividend: 7/19/2024
• Last Earnings: 7/31/2024
• Dividend Payable: 8/06/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:CMRE
• CUSIP: N/A
• CIK: 1503584
• Web: www.costamare.com
• Phone: (779) 325-0940
• Fax: 377-9325-0942
• Employees: 2,870
• Year Founded: 1974

Price Target and Rating

• Average Stock Price Target: $12.67
• High Stock Price Target: $14.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -9.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.58
• Trailing P/E Ratio: 5.44
• Forward P/E Ratio: 4.60
• P/E Growth: N/A
• Net Income: $385.75 million
• Net Margins: 19.63%
• Pretax Margin: 19.63%
• Return on Equity: 13.63%
• Return on Assets: 6.29%

Debt

• Debt-to-Equity Ratio: 0.77
• Current Ratio: 1.61
• Quick Ratio: 1.54

Sales & Book Value

• Annual Sales: $1.89 billion
• Price / Sales: 0.88
• Cash Flow: $4.29 per share
• Price / Cash Flow: 3.27
• Book Value: $20.73 per share
• Price / Book: 0.68

Miscellaneous

• Outstanding Shares: 117,642,000
• Free Float: 90,349,000
• Market Cap: $1.65 billion
• Optionable: Optionable
• Beta: 1.37