Costamare Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Earnings release: friday, may 10, 2024, before market opens conference call and webcast: friday, may 10, 2024, at 8:30 a.m. et

Monaco, april 02, 2024 (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)...

Monaco, march 29, 2024 (globe newswire) -- costamare inc. (the “company”, “we” or “our”) (nyse: cmre) announced today that its annual report on form 20-f for the fiscal year ended december 31, 2023 (the “annual report”) has been filed with the u.s. securities and exchange commission and can be accessed on the company's website, www.costamare.com, in the “investors” section under “annual reports”.

Monaco, feb. 07, 2024 (globe newswire) -- costamare inc. (“costamare” or the “company”) (nyse: cmre) today reported unaudited financial results for the fourth quarter (“q4 2023”) and year ended december 31, 2023.

Earnings release: wednesday, february 7, 2024, before market opens  conference call and webcast: wednesday, february 7, 2024, at 8:30 a.m. et

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

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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.

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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.

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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.

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