Streetbeat News

CMRE

Costamare Inc.

https://www.costamare.com

Industry

Marine Shipping

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.

Open

12.90

Mkt cap

1.6B

Volume

189K

High

12.96

P/E Ratio

4.30

52-wk high

17.58

Low

12.74

Div yield

0.04

52-wk low

9.77

Costamare (CMRE) experienced a significant decline in its stock price, closing at $12.88, which is a 1.75% decrease from the previous trading day.

Portfolio Pulse from

December 13, 2024 | 12:00 am

Costamare has been given a 'Buy' rating due to its attractive valuation and sustainable dividends. The company shows strong fundamentals with robust liquidity, healthy credit metrics, and a significant order backlog. Despite macroeconomic headwinds and geopolitical tensions, expansionary monetary policies and strong chartering activity offer growth potential.

Portfolio Pulse from

December 10, 2024 | 8:00 am

Jefferies analyst Omar Nokta has reiterated a Hold rating on Costamare (NYSE:CMRE) with a maintained price target of $13.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 4:38 pm

Costamare (NYSE:CMRE) reported Q3 2024 earnings of $0.68 per share, surpassing the $0.64 estimate and marking a 47.83% increase from last year. Sales reached $459.04M, beating the $344.87M estimate and showing a 15.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:16 am

Costamare (NYSE:CMRE) reported Q3 2024 earnings of $0.68 per share, surpassing the analyst estimate of $0.64 and marking a 47.83% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:08 am

Costamare (NYSE:CMRE) reported Q2 2024 adjusted EPS of $0.77, beating the $0.71 estimate. Sales were $477.483M, surpassing the $316.489M estimate and marking a 30.48% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:00 am

Stifel analyst Benjamin Nolan maintains a Hold rating on Costamare (NYSE:CMRE) and raises the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:20 pm

Stocks paused due to a dismal consumer confidence report, with inflation expectations rising, impacting various assets. The S&P 500 and Dow Jones showed mixed reactions, while the iShares Russell 2000 ETF and SPDR Gold Trust experienced notable movements. Bitcoin's value dropped significantly. Noteworthy stock movements included Novavax's surge after a licensing deal, MacroGenics' decline due to a study update, and various companies reacting to earnings reports.

Portfolio Pulse from Piero Cingari

May 10, 2024 | 4:45 pm

Jefferies analyst Omar Nokta has maintained a Hold rating on Costamare (NYSE:CMRE) and increased the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:50 pm

Costamare (NYSE:CMRE) reported Q1 2024 adjusted EPS of $0.63, missing the $0.65 estimate, but sales of $470.172M exceeded the $383.317M estimate. This represents a significant increase in earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:13 am

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