Costamare (NYSE:CMRE) Announces Quarterly Earnings Results

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

Costamare Stock Performance

CMRE traded up $0.22 during trading on Friday, reaching $17.61. 489,486 shares of the company were exchanged, compared to its average volume of 396,567. The company has a current ratio of 1.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.56. Costamare has a 52 week low of $7.56 and a 52 week high of $18.06. The firm has a 50 day moving average of $16.98 and a 200 day moving average of $15.86. The stock has a market cap of $2.12 billion, a P/E ratio of 6.57 and a beta of 1.10.

Costamare Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position 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 boosted its position 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 lifted its holdings in shares of Costamare by 2.2% in the fourth quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock valued at $1,148,000 after buying an additional 1,575 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Costamare in the fourth quarter valued at $30,000. Finally, Stifel Financial Corp lifted its holdings in shares of Costamare by 4.8% in the fourth quarter. Stifel Financial Corp now owns 44,308 shares of the shipping company’s stock valued at $700,000 after buying an additional 2,034 shares during the period. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Costamare

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.