Core Viewpoint - Costamare Inc. has announced the spin-off of its dry bulk business into a new entity, Costamare Bulkers Holdings Limited, with the transaction expected to be completed on May 6, 2025 [1][4][6]. Spin-off Details - The spin-off will be executed through a pro rata distribution, where shareholders of Costamare Inc. will receive one share of Costamare Bulkers for every five shares of Costamare Inc. they hold as of the record date, April 29, 2025 [5][6]. - The timeline for the spin-off includes several key dates: - April 29, 2025: Record date and start of "due-bill" trading for Costamare Inc. shares - May 1, 2025: Start of "when-issued" trading for Costamare Bulkers shares and "ex-distribution" trading for Costamare Inc. shares - May 6, 2025: Distribution of Costamare Bulkers shares and end of "due-bill," "when-issued," and "ex-distribution" trading - May 7, 2025: Regular trading of Costamare Bulkers shares begins [3][4][5]. Company Profiles - Costamare Bulkers Holdings Limited will operate as an international owner and operator of dry bulk vessels, with a fleet of 38 vessels totaling approximately 3,017,000 deadweight tons (dwt) [7]. - Costamare Inc. is a leading owner and provider of containerships, with a fleet of 68 owned containerships and a total capacity of approximately 513,000 twenty-foot equivalent units (TEU) [8].

Company Performance - Costamare (CMRE) closed at $8.92, reflecting a -1.22% change from the previous day, underperforming the S&P 500's daily loss of 0.17% [1] - Over the past month, Costamare's shares have decreased by 12.25%, while the Transportation sector and S&P 500 have lost 7.62% and 3.94%, respectively [1] Earnings Expectations - The upcoming earnings report for Costamare is expected to show an EPS of $0.48, which is a 23.81% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $412.67 million, down 13.2% from the previous year [2] Full Year Projections - For the full year, the Zacks Consensus Estimates predict earnings of $2.52 per share and revenue of $1.74 billion, representing changes of -8.7% and -16.58% from the prior year [3] - Recent changes to analyst estimates for Costamare may indicate evolving short-term business trends, with positive revisions reflecting analyst optimism [3] Valuation Metrics - Costamare currently has a Forward P/E ratio of 3.59, indicating a discount compared to its industry's Forward P/E of 8.44 [5] Industry Context - The Transportation - Shipping industry ranks in the bottom 21% of all industries, with a current Zacks Industry Rank of 197 [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [6]

Costamare (CMRE) shares rallied 9% in the last trading session to close at $9.12. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.6% loss over the past four weeks.The stock gained following President Donald Trump's announcement that he would pause the "reciprocal" import taxes for 90 days. The President said he felt the pause was needed because "more than 75 countries" had contacted his administration to m ...

Core Viewpoint - Costamare Inc. is set to spin off its dry bulk business into a new entity named Costamare Bulkers, which aims to unlock value and enhance growth prospects for both companies [5][6]. Group 1: Conference Call and Webcast Details - A virtual Analyst and Investor Day conference call will be held on April 9, 2025, at 9:00 a.m. ET, hosted by the incoming management team of Costamare Bulkers [1][2]. - Participants can join the call by dialing in 10 minutes prior to the start time using designated numbers for the US, UK, and international callers [2]. - A replay of the conference call will be available until April 16, 2025, with specific numbers provided for access [3]. Group 2: Spin-Off Information - The spin-off of Costamare Bulkers is expected to be completed within the current calendar year, pending regulatory approvals and final board approval [6]. - Costamare Bulkers will be listed on the New York Stock Exchange, indicating a significant step in the company's strategic restructuring [6]. Group 3: Company Overview - Costamare Inc. has a long-standing history of 51 years in the international shipping industry, owning 68 containerships with a total capacity of approximately 513,000 TEU and 38 dry bulk vessels with a total capacity of about 3,016,000 DWT [7]. - The company also operates a dry bulk platform (CBI) that engages in various chartering and freight agreements, enhancing its operational capabilities [7].

It's also important for investors to be aware of any recent modifications to analyst estimates for Costamare. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these ...

MONACO, March 31, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") today announced that the incoming management team of Costamare Bulkers Holdings Limited ("Costamare Bulkers") will host a virtual Analyst and Investor Day on Wednesday April 9, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.'s previously announced spin-off of its dry bulk bu ...

In the latest trading session, Costamare (CMRE) closed at $10.25, marking a +0.89% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.77%. Elsewhere, the Dow saw an upswing of 1.42%, while the tech-heavy Nasdaq appreciated by 2.28%.The shipping company's stock has dropped by 2.96% in the past month, exceeding the Transportation sector's loss of 3.93% and the S&P 500's loss of 5.73%.Analysts and investors alike will be keeping a close eye on the performance of Costam ...

Group 1: Company Performance - Costamare (CMRE) closed at $10.45, marking a +1.55% move from the prior day, outperforming the S&P 500's daily loss of 1.07% [1] - The company's shares have decreased by 3.38% over the last month, which is better than the Transportation sector's loss of 7.7% and the S&P 500's loss of 7.03% [1] Group 2: Earnings Forecast - Costamare is forecasted to report an EPS of $0.48, reflecting a 23.81% decrease from the same quarter last year, with a projected revenue of $412.67 million, down 13.2% from the equivalent quarter last year [2] - For the full year, analysts expect earnings of $2.52 per share and revenue of $1.74 billion, indicating changes of -8.7% and -16.58% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Costamare indicate the changing nature of near-term business trends, with positive alterations signifying analyst optimism regarding the company's business and profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Costamare as 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] Group 4: Valuation Metrics - Costamare holds a Forward P/E ratio of 4.09, which is a discount compared to its industry's average Forward P/E of 9.33 [7] - The Transportation - Shipping industry, to which Costamare belongs, ranks in the bottom 18% of all industries, with a current Zacks Industry Rank of 206 [7]

Core Viewpoint - Costamare Inc. plans to spin off its dry bulk business into a separate entity, Costamare Bulkers Holdings Limited, to unlock value and provide distinct growth opportunities for both companies [1][7]. Group 1: Spin-off Details - The spin-off will create two publicly traded companies, with Costamare Bulkers Holdings Limited expected to be listed on the New York Stock Exchange [2]. - The separation is targeted for completion within the current calendar year, pending regulatory approvals and board approval [2][3]. - The spin-off is anticipated to be executed through a pro rata distribution of shares to existing Costamare Inc. shareholders [3]. Group 2: Strategic Benefits - The spin-off aims to enhance financial flexibility for both companies, allowing them to focus on their respective markets: container shipping for Costamare Inc. and dry bulk shipping for Costamare Bulkers Holdings Limited [7]. - Each company will have tailored capital allocation strategies and balance sheets, driving operational efficiency and value creation [7]. - The separation will provide distinct investment opportunities for different investor bases, allowing for more focused management and growth strategies [7]. Group 3: Company Overview - Costamare Inc. is a leading owner and provider of containerships and dry bulk vessels, with a fleet of 68 containerships and 38 dry bulk vessels [5]. - The company has a total capacity of approximately 513,000 TEU for containerships and 3,016,000 DWT for dry bulk vessels [5]. - Costamare Inc. has a 51-year history in the international shipping industry and engages in various shipping-related activities, including leasing and chartering [5].

Financial Reporting - Costamare Inc. announced the availability of its Annual Report on Form 20-F for the year ended December 31, 2024[4] - The report was filed under the Securities Exchange Act of 1934, indicating compliance with regulatory requirements[6] Company Information - The company is headquartered in Monaco, reflecting its international presence[2]