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.

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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

Stifel analyst Benjamin Nolan maintains a Hold rating on Costamare (NYSE:CMRE) and raises the price target from $11.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:05 pm

Costamare (NYSE:CMRE) reported Q4 adjusted EPS of $0.68, surpassing the $0.63 estimate, and sales of $494.85M, exceeding the $367.21M estimate. This represents an 11.48% increase in EPS and an 86.43% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:00 am

Numerous companies are scheduled to report their earnings on February 7, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Madison Square Garden, Scotts Miracle Gro, TotalEnergies, Equinor, Euronet Worldwide, Flex LNG, Alibaba Group Holding, and many others. The earnings reports are expected to provide insights into the companies' financial health and market performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 10:13 am

Costamare (NYSE:CMRE) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $0.66. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Despite missing the EPS estimate last quarter by $0.20, Costamare's stock price increased by 6.79% the following day. Historical data shows mixed reactions to past earnings reports. Currently, shares are trading at $10.28, marking a 3.3% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 4:02 pm

The article discusses three high-yielding dividend stocks in the industrials sector recommended by Wall Street's most accurate analysts. 3M Company (MMM) has a dividend yield of 5.85% and received mixed reviews from analysts, with an upgrade from Barclays and a maintained Underperform rating from RBC Capital. Costamare Inc. (CMRE) offers a 4.93% dividend yield, with Citigroup maintaining a Buy rating despite a price target cut, and Jefferies downgrading the stock. Star Bulk Carriers Corp. (SBLK) has the highest dividend yield at 7.74%, with Jefferies and Stifel maintaining Buy ratings but adjusting their price targets. Recent news includes 3M's better-than-expected Q3 results and raised FY23 guidance, Costamare's Q3 revenue growth beating consensus, and Star Bulk's merger plans with Eagle Bulk Shipping.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:29 pm

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