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Last $17.03 USD
Change Today +0.31 / 1.85%
Volume 94.8K
CMRE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

costamare inc (CMRE) Snapshot

Open
$16.78
Previous Close
$16.72
Day High
$17.24
Day Low
$16.78
52 Week High
09/19/14 - $23.84
52 Week Low
01/6/15 - $15.85
Market Cap
1.3B
Average Volume 10 Days
128.0K
EPS TTM
$1.41
Shares Outstanding
74.9M
EX-Date
07/20/15
P/E TM
12.1x
Dividend
$1.16
Dividend Yield
6.72%
Current Stock Chart for COSTAMARE INC (CMRE)

costamare inc (CMRE) Related Businessweek News

No Related Businessweek News Found

costamare inc (CMRE) Details

COSTAMARE INC. owns and charters containerships to liner companies worldwide. As of February 27, 2015, it had a fleet of 68 containerships with a total capacity of approximately 447,000 twenty foot equivalent units (TEU), including 59 vessels in the water with approximately 331,000 TEU; and 9 newbuild vessels with approximately 116,000 TEU. The company was founded in 1975 and is based in Athens, Greece.

2,000 Employees
Last Reported Date: 03/5/15
Founded in 1975

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 Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Costamare Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company announced voyage revenue of $244,069,000 compared to $238,403,000 for the same period a year ago. Operating income was $107,443,000 compared to $103,047,000 for the same period a year ago. Net income was $70,613,000 compared to $47,213,000 for the same period a year ago. Net income attributable to common stockholders of the company was $63,300,000 compared to $41,494,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.85 compared to $0.55 for the same period a year ago. Adjusted EBITDA was $173,328,000 compared to $173,440,000 for the same period a year ago. EBITDA was $176,088,000 compared to $152,410,000 for the same period a year ago. Voyage revenue adjusted on a cash basis was $245,455,000 compared to $243,524,000 for the same period a year ago. Adjusted net income available to common stockholders was $63,010,000 compared to $64,036,000 for the same period a year ago. Adjusted earnings per share were $0.84 compared to $0.86 per share for the same period a year ago. Net cash flows provided by operating activities increased by $5.2 million to $120.2 million for the six-month period ended June 30, 2015, compared to $115.0 million for the six-month period ended June 30, 2014. Net cash used in investing activities was $19.1 million in the six-month period ended June 30, 2015, which mainly consisted of $17.3 million in advance payments for the construction of three newbuild vessels, ordered pursuant to the framework agreement with York. For the quarter, the company announced voyage revenue of $123,219,000 compared to $123,505,000 for the same period a year ago. Operating income was $54,281,000 compared to $52,227,000 for the same period a year ago. Net income was $44,329,000 compared to $27,380,000 for the same period a year ago. Net income attributable to common stockholders of the company was $40,026,000 compared to $24,267,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.53 compared to $0.32 for the same period a year ago. Adjusted EBITDA was $87,293,000 compared to $91,358,000 for the same period a year ago. EBITDA was $94,180,000 compared to $79,415,000 for the same period a year ago. Voyage revenue adjusted on a cash basis was $123,978,000 compared to $125,980,000 for the same period a year ago. Adjusted net income available to common stockholders was $34,381,000 compared to $37,312,000 for the same period a year ago. Adjusted earnings per share were $0.46 compared to $0.50 per share for the same period a year ago. Decrease in voyage revenue was mainly due to revenue not earned by vessels sold for demolition during the six-month period ended December 31, 2014, decreased charter rates in certain of the company's vessels during the three-month period ended June 30, 2015, compared to the three-month period ended June 30, 2014, and increased off-hire days, mainly due to scheduled dry-dockings during the three-month period ended June 30, 2015, compared to the three-month period ended June 30, 2014, partly offset by the revenue earned by the one newbuild and two secondhand vessels delivered to the company during the six-month period ended December 31, 2014. Net cash provided by operating activities was $65.3 million compared to $61.1 million for the same period a year ago. Net cash used in investing activities was $5.7 million in the three-month period ended June 30, 2015, which mainly consisted of $4.3 million for an advance payment for the construction of one newbuild vessel, ordered pursuant to the framework agreement with York.

Costamare Inc., Q2 2015 Earnings Call, Jul 22, 2015

Costamare Inc., Q2 2015 Earnings Call, Jul 22, 2015

Costamare Inc. to Report Q2, 2015 Results on Jul 21, 2015

Costamare Inc. announced that they will report Q2, 2015 results After-Market on Jul 21, 2015

 

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CMRE:US $17.03 USD +0.31

CMRE Competitors

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Industry Analysis

CMRE

Industry Average

Valuation CMRE Industry Range
Price/Earnings 10.2x
Price/Sales 2.6x
Price/Book 1.4x
Price/Cash Flow 5.3x
TEV/Sales NM Not Meaningful
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