Costamare (NYSE:CMRE) Announces Quarterly Earnings Results

Costamare (NYSE:CMRE) posted its earnings results on Thursday. The shipping company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.15, Briefing.com reports. Costamare had a net margin of 39.93% and a return on equity of 16.42%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Costamare Stock Performance

Shares of NYSE:CMRE traded up $0.22 during trading on Friday, hitting $17.61. The company’s stock had a trading volume of 489,486 shares, compared to its average volume of 396,567. The company has a 50-day moving average of $16.98 and a 200-day moving average of $15.86. Costamare has a 12 month low of $7.56 and a 12 month high of $18.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.96 and a quick ratio of 1.92. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 6.57 and a beta of 1.10.

Costamare Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, April 20th. Costamare’s dividend payout ratio is 17.16%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMRE. Fearnley Fonds upgraded shares of Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut shares of Costamare from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Institutional Investors Weigh In On Costamare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMRE. The Manufacturers Life Insurance Company raised its stake in Costamare by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock worth $140,000 after acquiring an additional 1,148 shares during the period. State of Wisconsin Investment Board raised its stake in Costamare by 3.0% during the 4th quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock worth $727,000 after acquiring an additional 1,331 shares during the period. Ieq Capital LLC raised its stake in Costamare by 2.2% during the 4th quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock worth $1,148,000 after acquiring an additional 1,575 shares during the period. Pinnacle Holdings LLC bought a new stake in Costamare during the 4th quarter worth approximately $30,000. Finally, Stifel Financial Corp raised its stake in Costamare by 4.8% during the 4th quarter. Stifel Financial Corp now owns 44,308 shares of the shipping company’s stock worth $700,000 after acquiring an additional 2,034 shares during the period. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Company Profile

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.