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

14.40

Mkt cap

1.7B

Volume

230K

High

14.45

P/E Ratio

4.75

52-wk high

17.58

Low

14.21

Div yield

0.04

52-wk low

8.62

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

Costamare Inc reported Q3 FY23 Voyage revenue growth of 37.2% YoY to $397.34 million, beating consensus of $310.53 million. However, its adjusted EPS was $0.46, missing the consensus of $0.66. The company repurchased 882,316 common shares for a total of $10 million during the quarter. Costamare's shares are trading lower by 5.20% at $8.56.

Portfolio Pulse from Akanksha Bakshi

November 01, 2023 | 5:37 pm

The article discusses notable value stocks in the industrials sector, including Ardmore Shipping (ASC), Grindrod Shipping Hldgs (GRIN), Castor Maritime (CTRM), Hertz Global Holdings (HTZ), and Costamare (CMRE). The companies' P/E ratios and recent changes in earnings per share and dividend yields are highlighted. The stocks were selected by Benzinga Insights based on quantified analysis.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:41 pm

Costamare reported Q3 adjusted earnings of $0.46 per share, missing the analyst consensus estimate of $0.66 by 30.3%. This is a 47.73% decrease from the same period last year. However, the company's quarterly sales of $397.26 million beat the analyst consensus estimate of $310.53 million by 27.93%, a 37.23% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:57 am

Costamare (NYSE:CMRE) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $0.66. The company's past performance shows a trend of missing EPS estimates, which has led to negative price changes. The stock is currently trading at $9.14, down 6.72% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 6:00 pm

Citigroup analyst Christian Wetherbee maintains a Buy rating on Costamare (NYSE:CMRE) but lowers the price target from $13 to $11.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 5:45 pm

The most accurate Wall Street analysts have recommended holding three high-dividend yield industrial stocks: 3M Company (MMM), Costamare Inc. (CMRE), and Trinity Industries, Inc. (TRN). Recent analyst actions include upgrades, downgrades, and price target changes. 3M sees slow growth in 2024, Costamare reported better-than-expected Q2 revenue, and Trinity Industries reported a 73% Y/Y Q2 revenue growth.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 5:20 pm

Several industrial stocks experienced significant movement during Friday's intraday session. Gainers included Costamare (CMRE), Greenwave Tech Solns (GWAV), Huron Consulting Gr (HURN), American Superconductor (AMSC), EHang Holdings (EH), and SkyWest (SKYW). Losers included Eos Energy Enterprises (EOSE), TPI Composites (TPIC), Innovate (VATE), Moog (MOG), and Exponent (EXPO). The movements were largely driven by recent Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:31 pm

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