CMRE Stock Recent News

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.

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.

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

In late May, shares of Greece-based Capesize pure play Seanergy Maritime Holdings sold off to new all-time lows after the company reported seasonally weak first-quarter results. Since that time, Capesize charter rates have moved even lower but Seanergy's common shares have rallied approximately 20% over the past couple of weeks. After the close of Wednesday's session, an entity affiliated with Costamare Inc.'s Chairman and CEO Konstantinos V. Konstantakopoulos disclosed a new 5.1% stake in the company.

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.

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.

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.

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

Costamare is diversified across the dry bulk and container shipping segments. Recently, they started chartering in vessels, which hints to some strong rate of growth coming. Despite the increased age of its fleet, CMRE has done a great job securing long-term time charters for its container vessels, thus, offsetting the weak dry bulk spot market.