Costamare

Costamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Costamare reports record earnings, eyes strategic investments for growth

Costamare's strong financial performance in 2022 reflects strategic decisions and market positioning.
Despite challenges in the dry bulk market, the company's focus on diversification and prudent investments is evident.
Opportunities for growth exist through exploring new ventures and capitalizing on market dynamics.
Maintaining a robust balance sheet and leveraging market insights are key to navigating future uncertainties.

Costamare reports strong Q1 earnings, secures long-term revenue streams

Costamare's Q1 2023 performance reflects robust financial results, strategic investments, and proactive measures to secure revenue streams.
While facing challenges in market volatility and operational management, the company's strong liquidity position and revenue visibility are key strengths.
Opportunities lie in capitalizing on rising charter rates, expanding strategic investments, and optimizing asset portfolio for future growth.
Overall, Costamare's performance highlights resilience, strategic foresight, and a focus on long-term sustainability and profitability.

Costamare reports solid Q2 earnings amidst market challenges and opportunities

Costamare's Q2 performance reflects financial stability with strong liquidity and steady growth in leasing transactions.
While facing challenges in market softening and volatility, the company maintains a focus on prudent financial management and strategic decision-making.
Opportunities lie in expanding the fleet through financing arrangements, leveraging market recovery indicators, and enhancing the Neptune Maritime Leasing platform.
Overall, Costamare's performance, strengths, challenges, and opportunities position the company for resilient growth and profitability in the maritime industry.

Costamare reports solid Q3 earnings, eyes growth amid market challenges

Costamare's Q3 performance reflects financial stability and strategic investments in its fleet. While facing challenges in certain market segments, the company's focus on growth and fleet renewal underscores a positive outlook. With a strong liquidity position and revenue stability in the Containership sector, Costamare is well-positioned to navigate market dynamics and pursue growth opportunities.

Costamare (CMRE) reports robust 2023 earnings amidst market challenges

Costamare (CMRE) delivered strong financial performance in 2023, driven by revenue growth and strategic fleet decisions. While facing challenges in a volatile market, the company is well-positioned to capitalize on opportunities in the leasing sector and vessel renewal strategies.

Costamare (CMRE) reports robust Q1 earnings amidst sector disruptions

Costamare (CMRE) delivered a solid performance in Q1 2024, driven by strong financial results and strategic fleet management decisions.
While facing challenges in investor communication and market uncertainties, Costamare (CMRE) has opportunities to capitalize on sector disruptions and drive growth.
Overall, Costamare (CMRE) remains well-positioned with secured contracts, fleet expansion, and a focus on revenue diversification to navigate industry dynamics.

Costamare posts robust Q2 earnings, eyes fleet expansion opportunities

Costamare's Q2 performance reflects financial strength and operational efficiency, supported by a robust liquidity position and strategic chartering decisions.
The company's focus on fleet renewal and cost-saving initiatives bodes well for long-term sustainability and competitiveness in the maritime industry.
While facing challenges in market fluctuations and vessel acquisitions, Costamare is well-positioned to capitalize on opportunities for growth and risk mitigation.

Costamare reports strong Q3 earnings, eyes fleet expansion opportunities

Costamare's Q3 performance reflects robust financial health, supported by a well-utilized containership fleet and long-term contracted revenues.
The company's strategic acquisitions and financial management initiatives strengthen its position in the shipping industry.
While facing challenges from external factors, Costamare can capitalize on growth opportunities through fleet expansion, strategic partnerships, and technological advancements.
Overall, Costamare's prudent financial decisions and market positioning position it well for sustainable growth and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Costamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, CBI, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.

MONACO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter (“Q3 2023”) and nine-months ended September 30, 2023.

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2023

Earnings Release: Wednesday, November 1, 2023, Before Market Opens Conference Call and Webcast: Wednesday, November 1, 2023, at 8:30 a.m. ET

Costamare Inc. Sets the Date for Its Third Quarter 2023 Results Release, Conference Call and Webcast

MONACO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of one Class I director at the Company's virtual annual meeting of stockholders held today.

Costamare Inc. Announces Election of Class I Director at 2023 Annual Meeting of Stockholders

Costamare surged 22% after posting strong Q2 results, driven by robust revenues and earnings, share buybacks, and the stock's undervaluation. The containership segment continues to provide high-margin cash flows, while the CBI platform and the owned dry bulk vessels show potential for earnings growth. I continue to view Costamare's stock as undervalued, which, coupled with the company's strong liquidity position, justifies my urge to keep holding the stock.

Is Costamare A Buy Or A Sell After Its 22% Post-Earnings Rally?

Costamare missed analysts' consensus expectations for Q2 earnings Friday morning -- but beat big on sales. Revenue came in as much as 43% better than expected.

Why Costamare Stock Roared 23% Higher Today

Costamare Inc. (NYSE:CMRE ) Q2 2023 Earnings Call Transcript July 28, 2023 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Thank you for standing by ladies and gentlemen and welcome to the Costamare Inc. Conference Call on the Second Quarter 2023 Financial Results. We have with us Mr.

Costamare Inc. (CMRE) Q2 2023 Earnings Call Transcript

Costamare (CMRE) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.95 per share a year ago.

Costamare (CMRE) Q2 Earnings and Revenues Beat Estimates

MONACO, July 28, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter (“Q2 2023”) and six-months ended June 30, 2023.

Costamare Inc. Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2023

Earnings Release: Friday, July 28, 2023, Before Market Opens Conference Call and Webcast: Friday, July 28, 2023, at 8:30 a.m. ET

Costamare Inc. Sets the Date for Its Second Quarter 2023 Results Release, Conference Call and Webcast

Costamare (CMRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Costamare (CMRE) Q2 Earnings Expected to Decline

MONACO, July 12, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced today that its Board of Directors has called an annual meeting of the stockholders to be held virtually on Tuesday, October 3, 2023.

Costamare Inc. Announces 2023 Annual Meeting of Stockholders

MONACO, July 05, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “Costamare”) (NYSE: CMRE) has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023.

Costamare Inc. Appoints New Chief Commercial Officer

MONACO, July 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock and the Series E Preferred Stock is for the period from April 15, 2023, to July 14, 2023. The dividend will be paid on July 17, 2023 to all holders of record as of July 14, 2023 of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock.

Costamare Inc. Declares Quarterly Dividend on its Preferred and Common Stock

Costamare's preferred stocks have performed as expected, maintaining their value while paying high-single-digit dividends. However, the common stock has underperformed despite the company's financial progress. Costamare's dry bulk segment may be grappling with industry weakness; however, its containership fixtures should continue to generate substantial profits. Costamare's capital returns have been inferior to industry peers, while its investment in Neptune remains speculative.

Costamare: Sell The Preferreds, Buy The Common At 3.2X EPS

Costamare is selling for a P/E multiple of 2.03 and P/B of 0.49. Growth potential with strengthening market and dry bulk segment. Strong profitable company with a strong recovering dividend.

Costamare: Buying A Dollar For 50 Cents

Enel Chile

International General Insuranc Hldgs Ltd

Arhaus

Ramaco Resources

Ring Energy

Although you generally get what you pay for, in a few cases, it's possible to acquire diamonds in the rough via the best affordable stocks to buy. Numerically, we're talking about thousands of opportunities listed across various U.S.-based exchanges.

7 Best Stocks Under $10 to Buy in June

Two years ago, container ship operator Costamare decided to try its hand at the dry bulk shipping business. Last year, it chose to deepen its ties to dry bulk shipping.

Did Costamare Just Make a Huge Mistake?

Danaos

Euroseas

Global Ship Lease

ZIM Integrated Shipping Services

Container rates have stabilized. What is behind this move, and how long will it last?

Container Shipping - Current Conditions And Forward Outlook

Costamare Inc. (NYSE:CMRE ) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citigroup Omar Nokta - Jefferies Ben Nolan - Stifel Operator Thank you for standing by ladies and gentlemen and welcome to the Costamare Inc. Conference Call on the First Quarter 2023 Financial Results. We have with us Mr.

Costamare Inc. (CMRE) Q1 2023 Earnings Call Transcript

Costamare (CMRE) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.84 per share a year ago.

Costamare (CMRE) Matches Q1 Earnings Estimates

MONACO, May 15, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2023 (“Q1 2023”).

Costamare Inc. Reports Results for the First Quarter Ended March 31, 2023

Earnings Release: Monday, May 15, 2023, Before Market Opens Conference Call and Webcast: Monday, May 15, 2023, at 8:30 a.m. ET MONACO, May 10, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the first quarter ended March 31, 2023 before the market opens in New York on Monday, May 15, 2023.

Costamare Inc. Sets the Date for Its First Quarter 2023 Results release, Conference Call and Webcast

Charter rates are normalizing, but they're still reasonably high relative to COVID-19 lows, so profitability can be expected. They are in the process of disposing some ships in arrangements penned during the tightest of markets in early 2022.

Costamare E-Series Preferred Bolstered By Long-Term Charter Arrangements

Earnings Preview: Costamare (CMRE) Q1 Earnings Expected to Decline

Container leasing companies are unloved by Mr. Market. Costamare is a hybrid of containers & dry-bulk ships.

News for Costamare Stock (CMRE)