CMRE Stock Recent News

Earnings Release: Friday, May 10, 2024, Before Market Opens Conference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET

The increased demand for goods and services bodes well for the Transportation-Shipping industry. Stocks like Danaos (DAC), Costamare (CMRE) and Seanergy Maritime (SHIP) are likely to gain from this promising scenario.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The Series E preferreds are the most junior of the preferreds, although it barely matters since the preferred stack in all is very small compared to debt. Implied credit ratings on the preferreds based on spreads don't leave a credit angle upside. It's difficult to posit that long-term rates should be lower than where they already are on the yield curve.

Costamare is experiencing growth momentum in the dry bulk sector, which could drive net sales and EPS growth. The company has a significant amount of cash on hand and a strong liquidity position. Recent investments in the leasing platform and financing of new vessels could accelerate new sales growth.

Costamare Inc. (CMRE) Q4 2023 Earnings Call Transcript

Costamare (CMRE) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.61 per share a year ago.

Earnings Release: Wednesday, February 7, 2024, Before Market Opens  Conference Call and Webcast: Wednesday, February 7, 2024, at 8:30 a.m. ET

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Costamare Inc. (CMRE, Financial) is a leading marine shipping company based in Monaco that specializes in the international ownership, operation and chartering of containerships and dry bulk vessels. Its fleet currently consists of 68 containerships and 45 dry bulk vessels, which is a major improvement over the 42 containerships it owned during its public listing in 2010.