Costamare downgraded by Jefferies with a new price target
$CMRE
Marine Transportation
Consumer Discretionary
Jefferies downgraded Costamare from Buy to Hold and set a new price target of $10.00 from $15.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2023 | $15.00 → $10.00 | Buy → Hold | Jefferies |
| 1/13/2023 | $12.50 → $11.00 | Buy → Hold | Stifel |
| 7/21/2022 | $19.00 | Buy | Jefferies |
MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 ("Q1 2025"). I. PROFITABILITY AND LIQUIDITY Q1 2025 Net Income available to common stockholders of $95.0 million ($0.79 per share).Q1 2025 Adjusted Net Income available to common stockholders1 of $73.3 million ($0.61 per share).Q1 2025 liquidity of $1,022.6 million2. II. COMPLETION OF SPIN-OFF OF COSTAMARE'S DRY BULK BUSINESS As announced on May 7, 2025, the spin-off of Costamare's dry bulk business into a standalone public company (the "Spin-Off") was completed on May 6, 2025, by way of a pro ra
MONACO , May 07, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited ("Costamare Bulkers"). Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025. The successful execution of the Costamare Bulkers spin-off transforms Costamare Inc. into a predominantly global container shipping provider, while still maintaining its presence in Neptune Maritime Leasing. Costamare Bulkers shares will b
Earnings Release: Thursday, May 8, 2025, Before Market OpensConference Call and Webcast: Thursday, May 8, 2025, at 8:30 a.m. ET MONACO, May 06, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company"), announced today that it will release its results for the first quarter ended March 31, 2025 before the market opens in New York on May 8, 2025. Conference Call Details: On Thursday, May 8, 2025 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1-412-317-92
MONACO, Oct. 03, 2024 (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 two Class II directors at the Company's virtual annual meeting of stockholders held today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending Dece
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 one Class I director at the Company's virtual annual meeting of stockholders held today. The elected Class I director is Konstantinos Zacharatos who was elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until his successor has been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2023. About
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 Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24 years in the A.P. Moller group of companies in different geographic locations. Konstantinos Konstantakopoulos, Chairman and Chief Executive Officer of Costamare, commented: "We are very pleased to welcome back Mr. Lund as the new Chief Commercial Officer of our company. His broad international shipping background and detailed knowledge of sever
MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 ("Q1 2025"). I. PROFITABILITY AND LIQUIDITY Q1 2025 Net Income available to common stockholders of $95.0 million ($0.79 per share).Q1 2025 Adjusted Net Income available to common stockholders1 of $73.3 million ($0.61 per share).Q1 2025 liquidity of $1,022.6 million2. II. COMPLETION OF SPIN-OFF OF COSTAMARE'S DRY BULK BUSINESS As announced on May 7, 2025, the spin-off of Costamare's dry bulk business into a standalone public company (the "Spin-Off") was completed on May 6, 2025, by way of a pro ra
Earnings Release: Thursday, May 8, 2025, Before Market OpensConference Call and Webcast: Thursday, May 8, 2025, at 8:30 a.m. ET MONACO, May 06, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company"), announced today that it will release its results for the first quarter ended March 31, 2025 before the market opens in New York on May 8, 2025. Conference Call Details: On Thursday, May 8, 2025 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1-412-317-92
MONACO, April 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") announces Conference Call Details for the virtual Analyst and Investor Day that the incoming management team of Costamare Bulkers Holdings Limited ("Costamare Bulkers") will host on Wednesday April 9, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.'s previously announced spin-off of its dry bulk business. Conference Call Details: On Wednesday, April 9, 2025 at 9:00 a.m. ET, the incoming management team of Costamare Bulkers will hold a conference call
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
SC 13D/A - Costamare Inc. (0001503584) (Subject)
SC 13G/A - Costamare Inc. (0001503584) (Subject)
SC 13G/A - Costamare Inc. (0001503584) (Subject)
Jefferies downgraded Costamare from Buy to Hold and set a new price target of $10.00 from $15.00 previously
Stifel downgraded Costamare from Buy to Hold and set a new price target of $11.00 from $12.50 previously
Jefferies initiated coverage of Costamare with a rating of Buy and set a new price target of $19.00