Last $19.34 USD
Change Today -0.09 / -0.46%
Volume 4.0K
CMRE On Other Exchanges
Symbol
Exchange
Frankfurt
As of 9:54 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

costamare inc (CMRE) Snapshot

Open
$19.50
Previous Close
$19.43
Day High
$19.50
Day Low
$19.28
52 Week High
07/24/14 - $24.94
52 Week Low
01/6/15 - $15.85
Market Cap
1.4B
Average Volume 10 Days
74.5K
EPS TTM
$1.34
Shares Outstanding
74.8M
EX-Date
--
P/E TM
14.4x
Dividend
$1.16
Dividend Yield
5.79%
Current Stock Chart for COSTAMARE INC (CMRE)

costamare inc (CMRE) Related Businessweek News

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costamare inc (CMRE) Details

Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 17, 2014, it had a fleet of 67 containerships with a total capacity of approximately 445,000 twenty foot equivalent units. The company was founded in 1975 and is based in Athens, Greece.

costamare inc (CMRE) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

costamare inc (CMRE) Key Developments

Costamare Mulls Acquisition

Costamare Inc. (NYSE:CMRE) is seeking acquisitions. Gregory Zikos, Chief Financial Officer of Costamare Inc., said in Costamare Inc. earnings call, “We consider the Company to be in a competitive position with a comparatively stronger balance sheet which together with our joint venture with York Capital will allow us to continue managing attractive acquisitions.”

Costamare Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Costamare Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported voyage revenues of $120,866,000 compared with $112,549,000 for the same period a year ago. Operating income was $50,691,000 compared with $44,265,000 for the same period a year ago. Net income available to common stockholders was $27,722,000 or $0.37 per basic and diluted share compared with $25,901,000 or $0.35 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $82,734,000 compared with $75,692,000 for the same period a year ago. Adjusted net income available to common stockholders was $30,799,000 or $0.41 per share compared with $30,477,000 or $0.41 per share for the same period a year ago. The increase in voyage Revenue was mainly due to: (i) revenue earned by the one and three new build vessels delivered to its during the three-month period ended December 31, 2013 and the six-month period ended June 30, 2014, respectively; partly offset by, (ii) decreased charter rates in certain of its vessels during the three-month period ended December 31, 2014, compared to the three-month period ended December 31, 2013, (iii) the increased off hire days during the three-month period ended December 31, 2014 compared to the three-month period ended December 31, 2013 and (iv) revenues not earned by three vessels sold for scrap during the year ended December 31, 2014. Net cash provided by operating activities was $62.5 million compared with $57.8 million for the same period a year ago. For the full year, the company reported voyage revenues of $483,995,000 compared with $414,249,000 for the same period a year ago. Operating income was $214,691,000 compared with $169,015,000 for the same period a year ago. Net income available to common stockholders was $103,178,000 or $1.38 per basic and diluted share compared with $101,551,000 or $1.36 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $343,195,000 compared with $282,414,000 for the same period a year ago. Adjusted net income available to common stockholders was $122,938,000 or $1.64 per share compared with $108,846,000 or $1.46 per share for the same period a year ago. Net cash provided by operating activities was $243.3 million compared with $186.7 million for the same period a year ago.

Costamare Inc. Recommends Dividend for the First Quarter 2015

The management of Costamare Inc. announced that it will recommend to the Board of Directors that the Board approve a dividend increase, beginning with the first quarter 2015 dividend, raising the quarterly dividend from $0.28 to $0.29 per common share.

 

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Industry Analysis

CMRE

Industry Average

Valuation CMRE Industry Range
Price/Earnings 14.1x
Price/Sales 3.0x
Price/Book 1.8x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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