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 |
SC 13D/A - Costamare Inc. (0001503584) (Subject)
SC 13G/A - Costamare Inc. (0001503584) (Subject)
SC 13G/A - Costamare Inc. (0001503584) (Subject)
MONACO, July 31, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the second quarter ("Q2 2024") and six-months ended June 30, 2024. I. PROFITABILITY AND LIQUIDITY Q2 2024 Net Income available to common stockholders of $91.3 million ($0.77 per share).Q2 2024 Adjusted Net Income available to common stockholders1 of $91.4 million ($0.77 per share).Q2 2024 liquidity of $1,118.3 million2. II. FULL REDEMPTION OF 8.875% SERIES E CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK Full redemption with cash on hand on July 15, 2024.Annual cash flow savings of ca. $10.1 million. III. OWNED FLEET CHARTER UPDATE3
Earnings Release: Wednesday, July 31, 2024, Before Market OpensConference Call and Webcast: Wednesday, July 31, 2024, at 8:30 a.m. ET MONACO, July 26, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the second quarter ended June 30, 2024 before the market opens in New York on Wednesday, July 31, 2024. Conference Call Details: On Wednesday, July 31, 2024 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
MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "we" or "our") (NYSE:CMRE) announced today that the Company has completed the previously announced redemption of all of its 4,574,100 outstanding shares of 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Stock", and the redemption thereof, the "Redemption") held by shareholders (the "Holders"). The redemption price of the shares of Series E Preferred Stock was $25.00 per share plus accrued and unpaid dividends in respect of the Series E Preferred Stock up to, but not including, the redemption date of July 15, 2024 (the "Redemption Date", and such price, the "Redemption Price").
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
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
MONACO, July 31, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the second quarter ("Q2 2024") and six-months ended June 30, 2024. I. PROFITABILITY AND LIQUIDITY Q2 2024 Net Income available to common stockholders of $91.3 million ($0.77 per share).Q2 2024 Adjusted Net Income available to common stockholders1 of $91.4 million ($0.77 per share).Q2 2024 liquidity of $1,118.3 million2. II. FULL REDEMPTION OF 8.875% SERIES E CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK Full redemption with cash on hand on July 15, 2024.Annual cash flow savings of ca. $10.1 million. III. OWNED FLEET CHARTER UPDATE3
Earnings Release: Wednesday, July 31, 2024, Before Market OpensConference Call and Webcast: Wednesday, July 31, 2024, at 8:30 a.m. ET MONACO, July 26, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the second quarter ended June 30, 2024 before the market opens in New York on Wednesday, July 31, 2024. Conference Call Details: On Wednesday, July 31, 2024 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
MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "we" or "our") (NYSE:CMRE) announced today that the Company has completed the previously announced redemption of all of its 4,574,100 outstanding shares of 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Stock", and the redemption thereof, the "Redemption") held by shareholders (the "Holders"). The redemption price of the shares of Series E Preferred Stock was $25.00 per share plus accrued and unpaid dividends in respect of the Series E Preferred Stock up to, but not including, the redemption date of July 15, 2024 (the "Redemption Date", and such price, the "Redemption Price").
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, Oct. 06, 2022 (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 III directors at the Company's annual meeting of stockholders held in Monaco today. The elected Class III directors are Konstantinos Konstantakopoulos and Charlotte Stratos. Each Class III director was elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until his or her 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 indepen
Stifel analyst Benjamin Nolan maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $12 to $14.
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation expectations have surged beyond projections this month, causing the broader consumer gauge to hit its lowest levels in six months. “If spending slows down and inflation increases, we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations,” said Chris Zaccar
Jefferies analyst Omar Nokta maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $11 to $12.