Costamare (NYSE:CMRE) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Costamare (NYSE:CMRE) released its quarterly earnings data on Monday. The shipping company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05, FiscalAI reports. Costamare had a return on equity of 16.42% and a net margin of 39.93%.The firm had revenue of $196.24 million during the quarter, compared to analyst estimates of $193.16 million.

Costamare Stock Performance

Shares of Costamare stock opened at $15.65 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $15.43 and its two-hundred day moving average is $16.31. Costamare has a 52 week low of $9.38 and a 52 week high of $18.06. The company has a market capitalization of $1.88 billion, a PE ratio of 5.84 and a beta of 1.06.

Costamare Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Tuesday, July 21st will be given a $0.125 dividend. This is a boost from Costamare’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.50 annualized dividend and a yield of 3.2%. Costamare’s dividend payout ratio is currently 18.66%.

Analysts Set New Price Targets

CMRE has been the subject of a number of research reports. Fearnley Fonds raised Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings upgraded shares of Costamare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMRE. Pinnacle Holdings LLC acquired a new stake in shares of Costamare in the 4th quarter worth $30,000. Tower Research Capital LLC TRC grew its stake in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after acquiring an additional 4,635 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Costamare in the 3rd quarter valued at approximately $66,000. BNP Paribas Financial Markets raised its position in shares of Costamare by 84.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,828 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 4,040 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Costamare in the 3rd quarter worth approximately $123,000. Institutional investors own 58.08% of the company’s stock.

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.