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3 Shipping Stocks to Bet On From a Thriving Industry
Zacks Investment Research· 2024-04-16 00:51
The Zacks Transportation - Shipping industry is benefiting from an improvement in demand for goods and commodities from pandemic lows. Moreover, the prevalent tensions in the Red Sea and the resultant limited container availability caused a surge in freight costs. The re-opening of the China economy came as good news for the industry participants. The strong outlook for the Capesize market also bodes well for shipping stocks. In the prevalent scenario, we advise investors to buy shipping stocks like Danaos ...
Should Value Investors Buy Costamare (CMRE) Stock?
Zacks Investment Research· 2024-04-09 22:45
Zacks Rank系统 - Zacks专注于Zacks Rank系统,强调盈利预期和预期修订,以找到优质股票[1] 价值投资策略 - 价值投资是一种成功的策略,依靠传统形式的分析来寻找被低估的股票[2] 低估价值股 - CMRE和DAC是被低估的价值股,具有良好的盈利前景[11]
Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
Newsfilter· 2024-04-02 20:04
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), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferre ...
Costamare(CMRE) - 2023 Q4 - Annual Report
2024-03-29 23:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number: 001-34934 Costamare Inc. (Translation of registrant's name into English) 7 rue du Gabian, MC 98000 Monaco (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form ...
Costamare(CMRE) - 2023 Q4 - Annual Report
2024-03-29 20:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commis ...
Costamare PFD E: No Obvious Credit Angle, No Obvious Duration Angle
Seeking Alpha· 2024-03-18 12:58
claffra/iStock via Getty Images Costamare Series E Preferreds (NYSE:CMRE.PR.E) are the most junior of the preferreds in the whole capital stack, above only common stock. Value drivers here are credit quality of Costamare (CMRE) and duration considerations, as they are basically ultra-long duration unsecured credit. We've discussed them in the past, and the core idea that the common stocks are more worth following has not changed, especially as trade disruption events could become recurring trading opportuni ...
Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap
Seeking Alpha· 2024-03-07 20:38
公司业务 - Costamare Inc. 是一家物流公司,主要经营海上物流业务,拥有全球第三大集装箱拥有量[2] - 公司的运营分为干散货旅行和集装箱运输两大部分,集装箱运输部分的收入远远超过干散货部分[3] 财务状况 - 公司手头现金相当可观,约为7.45亿美元,总流动资产约为11亿美元,流动比率大于2倍,流动性看起来不成问题[6] - 公司的固定资产总额约为34亿美元,总资产约为52亿美元,相较于市值超过10亿美元,企业价值约为30-40亿美元,总资产规模显示公司似乎被低估[7] - 目前债务规模不小,当前债务约为3.47亿美元,长期债务约为19亿美元,债务总额是导致股票最近低估的原因[8] - 过去几年,公司的净债务/EBITDA比率有所下降,而且目前的市值较2012年相比也有所降低,这显示公司目前被低估[9] 股息和股票回购 - 公司自2010年以来一直提供不间断的股息支付,5年股息增长率为2.83%,股息率为4.11%,交易现金流量倍数为2.5倍,Costamare具有吸引力[13] - 公司宣布每股股息为0.115美元,最近回购了近626万股股票,总金额为6000万美元[14] - 股票回购导致股票数量减少,对调整后的EPS有积极影响,股票数量在2023年从约1.229亿股减少到约1.2亿股,股票数量的进一步减少很可能加速每股收益,可能带来对股票的新需求[16] 未来展望 - 根据最佳情况假设,2023年的航行收入约为15.2亿美元,公司目前被低估,预期股价为29美元[17] - 在最近成功投资干散货领域、增加租赁平台和新船舶的情况下,可以预期净销售增长加速[37]
Costamare(CMRE) - 2023 Q4 - Earnings Call Transcript
2024-02-08 00:29
Costamare Inc. (NYSE:CMRE) Q4 2023 Earnings Conference Call February 7, 2024 8:30 AM ET Company Participants Gregory Zikos - Chief Financial Officer Conference Call Participants Matthew Hortopan - Citigroup 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 Fourth Quarter 2023 Financial Results. We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. At this time, all par ...
Costamare (CMRE) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-07 21:11
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. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this shipping company would post earnings of $0.61 per share when it actually produced earnings of $0.46, delivering a surprise of -24.59%. Over the last four quarters, the co ...
Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023
Newsfilter· 2024-02-07 18:57
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. I. PROFITABILITY AND LIQUIDITY FY 2023 Net Income available to common stockholders of $354.7 million ($2.95 per share). FY 2023 Adjusted Net Income available to common stockholders1 of $249.0 million ($2.07 per share). Q4 2023 Net Income available to common stockholders of $96.6 million ($0.82 per s ...