Costamare Inc. owns and charters containerships to liner companies worldwide. As of June 14, 2021, it had a fleet of 81 containerships with a total capacity of approximately 581,000 twenty foot equivalent units and 16 dry bulk vessels with a total capacity of approximately 932,000 DWT. The company was founded in 1974 and is based in Monaco.
IPO Year: 2010
Exchange: NYSE
Website: costamare.com
| 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, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the third quarter ("Q3 2024") and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common stockholders of $75.5 million ($0.63 per share).Q3 2024 Adjusted Net Income available to common stockholders1 of $80.7 million ($0.68 per share).Q3 2024 liquidity of $1,019.2 million2. II. SALE AND PURCHASE ACTIVITY Vessel Acquisitions Agreement for: the acquisition of the 2011-built, 179,546 DWT capacity dry bulk vessel, Nord Magnes (tbr. Magnes). Expected conclusion of the acquisition wit
Earnings Release: Friday, November 1, 2024, Before Market OpensConference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET MONACO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the third quarter ended September 30, 2024 before the market opens in New York on Friday, November 1, 2024. Conference Call Details: On Friday, November 1, 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
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. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from July 15, 2024 to October 14,
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, July 12, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced today that its Board of Directors has called an annual meeting of the stockholders to be held virtually on Thursday, October 3, 2024. Stockholders of record of the Company's common stock at the close of business on Thursday, August 8, 2024 will be entitled to receive notice of, and to vote at, the annual meeting and at any adjournments or postponements thereof. The notice of the annual meeting and the Company's proxy statement will be sent to stockholders of record on or around Friday, August 9, 2024. About
MONACO, July 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Stock") (NYSE:CMRE). The dividend for the
ST HELIER, Jersey, June 25, 2024 (GLOBE NEWSWIRE) -- Neptune Maritime Leasing Limited ("Neptune Leasing" or the "Company"), a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool, is delighted to announce that Marine Money has designated last year's $220 million investment from Costamare Inc., ("Costamare") (NYSE:CMRE) and the Latsco Family Office ("LFO") as the Private Equity Deal of the Year 2023. Harris Antoniou, the Founder and CEO of Neptune Leasing, stated: "We are delighted to receive this prestigious award which recognizes Neptune's expanded capabilities and footprint following the investment by Costamare and L
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6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
6-K - Costamare Inc. (0001503584) (Filer)
25-NSE - Costamare Inc. (0001503584) (Subject)
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
Citigroup reiterated coverage of Costamare with a rating of Buy and set a new price target of $12.50 from $11.50 previously
MONACO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the third quarter ("Q3 2024") and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common stockholders of $75.5 million ($0.63 per share).Q3 2024 Adjusted Net Income available to common stockholders1 of $80.7 million ($0.68 per share).Q3 2024 liquidity of $1,019.2 million2. II. SALE AND PURCHASE ACTIVITY Vessel Acquisitions Agreement for: the acquisition of the 2011-built, 179,546 DWT capacity dry bulk vessel, Nord Magnes (tbr. Magnes). Expected conclusion of the acquisition wit
Earnings Release: Friday, November 1, 2024, Before Market OpensConference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET MONACO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the third quarter ended September 30, 2024 before the market opens in New York on Friday, November 1, 2024. Conference Call Details: On Friday, November 1, 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
MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from July 15, 2024 to October 14,
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, July 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Stock") (NYSE:CMRE). The dividend for the
MONACO , June 14, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "we" or "our") (NYSE:CMRE) announced today that the Company will redeem all of its 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"), pursuant to that certain Statement of Designation, dated as of January 26, 2018. The Company expects the redemption date for the shares of Series E Preferred Stock to occur on July 15, 2024 (the "Redemption Date"). The redemption price of the shares of Series E Preferred Stock will be $25.00 per share plus accrued and unpaid dividends i
MONACO, May 10, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2024 ("Q1 2024"). I. PROFITABILITY AND LIQUIDITY Q1 2024 Net Income available to common stockholders of $94.2 million ($0.79 per share).Q1 2024 Adjusted Net Income available to common stockholders1 of $75.2 million ($0.63 per share).Q1 2024 liquidity of $1,106.0 million2. II. OWNED FLEET CHARTER UPDATE3 - FULLY EMPLOYED CONTAINERSHIP FLEET FOR THE YEAR AHEAD 97% and 80% of the containership fleet4 fixed for 2024 and 2025, respectively.Contracted revenues for the containership fleet of approximately $2.3
Earnings Release: Friday, May 10, 2024, Before Market OpensConference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET MONACO, May 07, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the first quarter ended March 31, 2024 before the market opens in New York on Friday, May 10, 2024. Conference Call Details: On Friday, May 10, 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 +1-412-317-9258 (from o
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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, 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
MONACO, Sept. 30, 2021 (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 annual meeting of stockholders held virtually today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller. Each Class II director was elected to hold office for a term ending at the annual meeting of stockholders in 2024 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 fisca
MONACO, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) (NYSE: CMRE PR
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.
Costamare (NYSE:CMRE) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.65 by 3.08 percent. This is a 65.79 percent increase over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $470.172 million which beat the analyst consensus estimate of $383.317 million by 22.66 percent. This is a 89.00 percent increase over sales of $248.769 million the same period last year.
Stifel analyst Benjamin Nolan maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $11.5 to $12.
Costamare (NYSE:CMRE) reported quarterly adjsuted earnings of $0.68 per share which beat the analyst consensus estimate of $0.63 by 7.94 percent. This is a 11.48 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $494.85 million which beat the analyst consensus estimate of $367.21 million by 34.76 percent. This is a 86.43 percent increase over sales of $265.43 million the same period last year.
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Costamare (NYSE:CMRE) is set to give its latest quarterly earnings report on Wednesday, 2024-02-07. Here's what investors need to know before the announcement. Analysts estimate that Costamare will report an earnings per share (EPS) of $0.66. Costamare bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.20, which was followed by a 6.79% increase in the share p
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings. Below are the ratings of the most accurate analysts for three high-yielding stocks in the i
Costamare Inc (NYSE:CMRE) reported a third-quarter FY23 Voyage revenue growth of 37.2% year-over-year to $397.34 million, beating the consensus of $310.53 million. Adjusted EPS was $0.46, missing the consensus of $0.66. The company repurchased 882,316 common shares, for a total consideration of $10 million, during the quarter. Voyage expenses expanded to $84.8 million from $14.2 million in the third quarter of 2022. CMRE ended the quarter with a liquidity of $996.9 million. The company had an average of 111.1 vessels in its owned fleet. During the quarter, CBI chartered an average of 55.0 third-party dry-bulk vessels. Daily vessels' operating expenses were $6,212 for the quarter and $6