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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.
Costamare Inc. (NYSE:CMRE ) Q4 2022 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citigroup Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by ladies and gentlemen and welcome to the Costamare Inc. Conference Call on the Fourth Quarter 2022 Financial Results. We have with us Mr.
Costamare (CMRE) delivered earnings and revenue surprises of -12.86% and 1.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
High costs are likely to have restricted Costamare's (CMRE) bottom-line performance in fourth-quarter 2022.
Earnings Release: Wednesday, February 8, 2023, Before Market Opens Conference Call and Webcast: Wednesday, February 8, 2023, at 8:30 a.m. ET
Last week, on a whim, I queried YCharts for dividend stocks yielding greater than 4% annually, and pegged “attractive” in their Y-Ratings (ranging from “not-rated” to “avoid”, “neutral”, or “attractive”). My query resulted in this list of New Divvy Nifty 50 stocks; of which, 44 measure-up to the dogcatcher-ideal of promising dividend payouts, from $1k invested, greater-than their share prices.
Recently, Zacks.com users have been paying close attention to Costamare (CMRE). This makes it worthwhile to examine what the stock has in store.
Spot rates for chartering even containerships now show that truly the goods boom is over and we're reversing to pre-boom levels in a recessionary fashion. Thankfully, there's good duration on current charters and there's forward lock-ins that keep their fleet engaged for years to come.
Costamare (CMRE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.