Costamare

Costamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.

Earnings data Q4 2020

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Costamare reports record earnings, eyes strategic investments for growth

Costamare's strong financial performance in 2022 reflects strategic decisions and market positioning.
Despite challenges in the dry bulk market, the company's focus on diversification and prudent investments is evident.
Opportunities for growth exist through exploring new ventures and capitalizing on market dynamics.
Maintaining a robust balance sheet and leveraging market insights are key to navigating future uncertainties.

Costamare reports strong Q1 earnings, secures long-term revenue streams

Costamare's Q1 2023 performance reflects robust financial results, strategic investments, and proactive measures to secure revenue streams.
While facing challenges in market volatility and operational management, the company's strong liquidity position and revenue visibility are key strengths.
Opportunities lie in capitalizing on rising charter rates, expanding strategic investments, and optimizing asset portfolio for future growth.
Overall, Costamare's performance highlights resilience, strategic foresight, and a focus on long-term sustainability and profitability.

Costamare reports solid Q2 earnings amidst market challenges and opportunities

Costamare's Q2 performance reflects financial stability with strong liquidity and steady growth in leasing transactions.
While facing challenges in market softening and volatility, the company maintains a focus on prudent financial management and strategic decision-making.
Opportunities lie in expanding the fleet through financing arrangements, leveraging market recovery indicators, and enhancing the Neptune Maritime Leasing platform.
Overall, Costamare's performance, strengths, challenges, and opportunities position the company for resilient growth and profitability in the maritime industry.

Costamare reports solid Q3 earnings, eyes growth amid market challenges

Costamare's Q3 performance reflects financial stability and strategic investments in its fleet. While facing challenges in certain market segments, the company's focus on growth and fleet renewal underscores a positive outlook. With a strong liquidity position and revenue stability in the Containership sector, Costamare is well-positioned to navigate market dynamics and pursue growth opportunities.

Costamare (CMRE) reports robust 2023 earnings amidst market challenges

Costamare (CMRE) delivered strong financial performance in 2023, driven by revenue growth and strategic fleet decisions. While facing challenges in a volatile market, the company is well-positioned to capitalize on opportunities in the leasing sector and vessel renewal strategies.

Costamare (CMRE) reports robust Q1 earnings amidst sector disruptions

Costamare (CMRE) delivered a solid performance in Q1 2024, driven by strong financial results and strategic fleet management decisions.
While facing challenges in investor communication and market uncertainties, Costamare (CMRE) has opportunities to capitalize on sector disruptions and drive growth.
Overall, Costamare (CMRE) remains well-positioned with secured contracts, fleet expansion, and a focus on revenue diversification to navigate industry dynamics.

Costamare posts robust Q2 earnings, eyes fleet expansion opportunities

Costamare's Q2 performance reflects financial strength and operational efficiency, supported by a robust liquidity position and strategic chartering decisions.
The company's focus on fleet renewal and cost-saving initiatives bodes well for long-term sustainability and competitiveness in the maritime industry.
While facing challenges in market fluctuations and vessel acquisitions, Costamare is well-positioned to capitalize on opportunities for growth and risk mitigation.

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Costamare, Inc. is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, CBI, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels. The Dry Bulk Vessels segment includes dry bulk commodities transportation services. The company was founded by Konstantinos Vasileios Konstantakopoulos in 1974 and is headquartered in Monaco.

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”.

Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2023

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 PFD E: No Obvious Credit Angle, No Obvious Duration Angle

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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: The Dry Bulk Sector, FCF Growth Make It Cheap

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.

Costamare (CMRE) Beats Q4 Earnings and Revenue Estimates

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.

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

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J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.

J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments

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

Costamare Inc. Sets The Date For Its Fourth Quarter 2023 Results Release, Conference Call And Webcast

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Costamare's shares have rebounded due to the safety issues in the Suez Canal, benefiting the company's dry bulk and containership fleets. Major shipping firms are rerouting vessels away from the Red Sea, leading to rising charter rates. The ongoing situation in the Suez Canal is expected to last, suggesting an enduring tailwind for vessel owners like Costamare.

Costamare: Red Sea Challenges Equal Tailwinds Not Priced Into The Stock, Buy

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.

Costamare: A Strong Maritime Player With Financial Resiliency

Costamare Series E Preferred shares are not responding to the rate environment and have probably too high implied credit rating. Costamare continues to perform well, shifting towards dry bulk exposures and selling containerships, with profitable performance and ample fleet values. But the industry is highly cyclical and profits are volatile, so we don't think the preferreds really offer enough of a defense to warrant choosing it over the common stock.

Costamare PFD E: Just Doesn't Stand Up Properly To Benchmarks

Costamare Inc. (NYSE:CMRE ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citigroup Omar Nokta - Jefferies Ben Nolan - Stifel Climent Molins - Value Investors Edge Operator Thank you for standing by ladies and gentlemen and welcome to the Costamare Inc. Conference Call on the Third Quarter 2023 Financial Results. We have with us Mr.

Costamare Inc. (CMRE) Q3 2023 Earnings Call Transcript

MONACO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter (“Q3 2023”) and nine-months ended September 30, 2023.

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2023

Earnings Release: Wednesday, November 1, 2023, Before Market Opens Conference Call and Webcast: Wednesday, November 1, 2023, at 8:30 a.m. ET

Costamare Inc. Sets the Date for Its Third Quarter 2023 Results Release, Conference Call and Webcast

MONACO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of one Class I director at the Company's virtual annual meeting of stockholders held today.

Costamare Inc. Announces Election of Class I Director at 2023 Annual Meeting of Stockholders

Costamare surged 22% after posting strong Q2 results, driven by robust revenues and earnings, share buybacks, and the stock's undervaluation. The containership segment continues to provide high-margin cash flows, while the CBI platform and the owned dry bulk vessels show potential for earnings growth. I continue to view Costamare's stock as undervalued, which, coupled with the company's strong liquidity position, justifies my urge to keep holding the stock.

Is Costamare A Buy Or A Sell After Its 22% Post-Earnings Rally?

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.

Why Costamare Stock Roared 23% Higher Today

Costamare Inc. (NYSE:CMRE ) Q2 2023 Earnings Call Transcript July 28, 2023 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Thank you for standing by ladies and gentlemen and welcome to the Costamare Inc. Conference Call on the Second Quarter 2023 Financial Results. We have with us Mr.

Costamare Inc. (CMRE) Q2 2023 Earnings Call Transcript

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.

Costamare (CMRE) Q2 Earnings and Revenues Beat Estimates

MONACO, July 28, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter (“Q2 2023”) and six-months ended June 30, 2023.

Costamare Inc. Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2023

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

Costamare Inc. Sets the Date for Its Second Quarter 2023 Results Release, Conference Call and Webcast

Costamare (CMRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Costamare Stock (CMRE)