Costamare Stock Today

CMRE Stock  USD 11.12  0.05  0.45%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Costamare is trading at 11.12 as of the 19th of March 2024, a -0.45 percent decrease since the beginning of the trading day. The stock's lowest day price was 11.04. Costamare has only a 6 % chance of going through financial distress over the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Costamare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of February 2024 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
4th of November 2010
Category
Industrials
Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company has 117.75 M outstanding shares of which 1.3 M shares are currently shorted by private and institutional investors with about 2.55 trading days to cover. More on Costamare

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Costamare Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Costamare's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Costamare or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanKonstantinos Konstantakopoulos
Business ConcentrationMarine Transportation, Marine Shipping, Industrials, NYSE Composite, Industrials, Marine Transportation, Marine Shipping, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Costamare report their recommendations after researching Costamare's financial statements, talking to executives and customers, or listening in on Costamare's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Costamare. The Costamare consensus assessment is calculated by taking the average forecast from all of the analysts covering Costamare.
Financial Strength
Based on the measurements of operating efficiency obtained from Costamare's historical financial statements, Costamare may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Costamare is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.210.2859
Way Down
Pretty Stable
Gross Profit Margin0.570.2888
Way Up
Slightly volatile
Net Debt1.7 B1.9 B
Fairly Down
Slightly volatile
Total Current Liabilities695.9 M662.8 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.7 B2.2 B
Significantly Down
Slightly volatile
Total Assets3.2 B5.3 B
Way Down
Slightly volatile
Total Current Assets1.2 B1.1 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities255.7 M152.9 M
Way Up
Slightly volatile
Costamare's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Costamare's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Costamare's financial leverage. It provides some insight into what part of Costamare's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Costamare's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Costamare deploys its capital and how much of that capital is borrowed.
Liquidity
Costamare cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 2.65 B in liabilities with Debt to Equity (D/E) ratio of 1.47, which is about average as compared to similar companies. Costamare has a current ratio of 1.72, which is within standard range for the sector. Debt can assist Costamare until it has trouble settling it off, either with new capital or with free cash flow. So, Costamare's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Costamare sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Costamare to invest in growth at high rates of return. When we think about Costamare's use of debt, we should always consider it together with cash and equity.

Change In Cash

54.76 Million
Costamare (CMRE) is traded on New York Stock Exchange in USA. It is located in 7 Rue du Gabian, Monaco, Monaco, 98000 and employs 8 people. Costamare is listed under Marine Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Costamare's market, we take the total number of its shares issued and multiply it by Costamare's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Costamare conducts business under Marine Transportation sector and is part of Industrials industry. The entity has 117.75 M outstanding shares of which 1.3 M shares are currently shorted by private and institutional investors with about 2.55 trading days to cover. Costamare currently holds about 611.13 M in cash with 152.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.01.
Check Costamare Probability Of Bankruptcy
Ownership Allocation
Costamare holds a total of 117.75 Million outstanding shares. Costamare shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 63.77 percent of Costamare outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Costamare Ownership Details

Costamare Stock Price Odds Analysis

What are Costamare's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Costamare jumping above the current price in 90 days from now is about 28.85%. The Costamare probability density function shows the probability of Costamare stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0196 suggesting Costamare market returns are highly-sensitive to returns on the market. As the market goes up or down, Costamare is expected to follow. Additionally, the company has an alpha of 0.1535, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.12HorizonTargetOdds Above 11.12
70.93%90 days
 11.12 
28.85%
Based on a normal probability distribution, the odds of Costamare to move above the current price in 90 days from now is about 28.85 (This Costamare probability density function shows the probability of Costamare Stock to fall within a particular range of prices over 90 days) .

Costamare Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Costamare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Costamare's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Costamare's value.
InstituionRecorded OnShares
Charles Schwab Investment Management Inc2023-12-31
470.7 K
Empowered Funds, Llc2023-12-31
466.4 K
Denali Advisors Llc2023-12-31
450.5 K
American Century Companies Inc2023-12-31
440.9 K
Northern Trust Corp2023-12-31
413.1 K
Susquehanna International Group, Llp2023-12-31
372.1 K
Vanguard Group Inc2023-12-31
283.5 K
Horizon Asset Management Inc/ny2023-12-31
233.8 K
Bank Of New York Mellon Corp2023-12-31
231.1 K
Dimensional Fund Advisors, Inc.2023-12-31
7.1 M
Blackrock Inc2023-12-31
2.7 M
View Costamare Diagnostics

Costamare Historical Income Statement

Costamare Income Statement is one of the three primary financial statements used for reporting Costamare's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Costamare revenue and expense. Costamare Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Costamare's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 1.1 B, whereas Interest Expense is forecasted to decline to about 89.4 M. View More Fundamentals

Costamare Stock Against Markets

Picking the right benchmark for Costamare stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Costamare stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Costamare is critical whether you are bullish or bearish towards Costamare at a given time. Please also check how Costamare's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Costamare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Costamare Corporate Directors

Costamare corporate directors refer to members of a Costamare board of directors. The board of directors generally takes responsibility for the Costamare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Costamare's board members must vote for the resolution. The Costamare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Vagn MollerIndependent DirectorProfile
Charlotte StratosIndependent DirectorProfile
Gregory ZikosChief Financial Officer, DirectorProfile
Konstantinos ZacharatosDirectorProfile

How to buy Costamare Stock?

Before investing in Costamare, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Costamare. To buy Costamare stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Costamare. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Costamare stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Costamare stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Costamare stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Costamare, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Costamare Stock please use our How to Invest in Costamare guide.

Already Invested in Costamare?

The danger of trading Costamare is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Costamare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Costamare. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Costamare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Costamare is a strong investment it is important to analyze Costamare's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Costamare's future performance. For an informed investment choice regarding Costamare Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costamare. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Costamare Stock refer to our How to Trade Costamare Stock guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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Is Costamare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Costamare. If investors know Costamare will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Costamare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Dividend Share
0.46
Earnings Share
2.95
Revenue Per Share
12.564
Quarterly Revenue Growth
0.864
The market value of Costamare is measured differently than its book value, which is the value of Costamare that is recorded on the company's balance sheet. Investors also form their own opinion of Costamare's value that differs from its market value or its book value, called intrinsic value, which is Costamare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Costamare's market value can be influenced by many factors that don't directly affect Costamare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Costamare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costamare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costamare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.