Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. CMRE has a P/S ratio of 0.9. This compares to its industry's average P/S of 1.37. Finally, investors will want to recognize that CMRE has a P/CF ratio of 2.95. This metric takes into account a company's operating cash flow and can be us ...

Investors' growing interest in a stock is reflected in its recent price increase. A price change of 20.7% over the past four weeks positions the stock of this shipping company well in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CMRE meets this criterion too, as the stock gained 19.8% over the past 12 weeks. Moreover, the momentum for CMRE is fast paced, as the stock currently has a beta of 1.32 ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 14th: Tsakos Energy Navigation (TNP) : This company which is a leading provider of international seaborne crude oil and petroleum product transportation services, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days. Tsakos Energy Navigation has a price-to-earnings ratio (P/E) of 3.12 compared with 11.80 ...

Financial Data and Key Metrics Changes - The company generated a net income of approximately $94 million for the first quarter, translating to $0.79 per share, while adjusted net income was about $75 million or $0.63 per share [2][4] - Liquidity at the end of the quarter was around $1.1 billion, providing a strong financial position for future opportunities [2][23] Business Line Data and Key Metrics Changes - In the containership sector, charter rates have improved significantly compared to the end of the previous year, with 97% of the fleet contracted for 2024 and 80% for 2025, generating contracted revenues of $2.3 billion [19][21] - The dry bulk segment continues to operate on a spot basis, with the company having acquired five Capesize vessels and disposed of ten smaller vessels to renew the fleet [3][5] Market Data and Key Metrics Changes - Charter rates in the containership market have been rising across all segments, benefiting from disruptions in the Red Sea, with idle capacity remaining low at 0.6% [23] - The order book for the dry bulk market is at about 9% of the total fleet, indicating a relatively stable market environment [7] Company Strategy and Development Direction - The company is focused on renewing its fleet and increasing its average size, with a strategic commitment to the dry bulk sector [3][20] - There is no predetermined growth rate; the company aims to enter transactions that are justifiable based on financial metrics and market conditions [12][26] Management's Comments on Operating Environment and Future Outlook - Management noted that while cargo volumes have improved, disruptions in the Red Sea have significantly impacted the charter market [19] - The company remains cautious about making additional acquisitions due to rising asset values and is waiting for more favorable market conditions [30][35] Other Important Information - The Neptune Maritime Leasing platform has been growing steadily, having financed 24 assets through sale and leaseback transactions, with a healthy pipeline for future growth [20][22] - The company has a long uninterrupted dividend track record, supported by strong sponsor backing [6] Q&A Session Summary Question: Expectations for additional capital into Neptune Leasing - The company plans to invest up to $200 million in equity, with $120 million already invested, and could potentially invest an additional $150 million depending on market conditions [10] Question: Future acquisitions in the dry bulk fleet - The company has acquired five Capesize vessels and is cautious about further acquisitions due to rising asset values [30] Question: Current operation of dry bulk vessels - Most dry bulk vessels are currently operated in the spot market, with low leverage and break-even levels [31] Question: Opportunities in the container ship market - The company does not see many opportunities in the container ship market at present due to elevated asset values and is waiting for a correction [35]

MONACO, May 10, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2024 ("Q1 2024"). I.    PROFITABILITY AND LIQUIDITY Q1 2024 Net Income available to common stockholders of $94.2 million ($0.79 per share).Q1 2024 Adjusted Net Income available to common stockholders1 of $75.2 million ($0.63 per share).Q1 2024 liquidity of $1,106.0 million2. II.    OWNED FLEET CHARTER UPDATE3 - FULLY EMPLOYED CONT ...

Earnings Release: Friday, May 10, 2024, Before Market Opens Conference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET MONACO, May 07, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the first quarter ended March 31, 2024 before the market opens in New York on Friday, May 10, 2024. Conference Call Details: On Friday, May 10, 2024 at 8:30 a.m. ET, Costamare’s management team will hold a conference call to discuss the financial results. Partici ...

Earnings Release: Friday, May 10, 2024, Before Market OpensConference Call and Webcast: Friday, May 10, 2024, at 8:30 a.m. ET MONACO, May 07, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the first quarter ended March 31, 2024 before the market opens in New York on Friday, May 10, 2024. Conference Call Details: On Friday, May 10, 2024 at 8:30 a.m. ET, Costamare’s management team will hold a conference call to discuss the financial results. Partici ...

“Undervalued stocks” is a relative term — for some, it may mean a tech stock in a temporary dip; for others, it means deep value stock analysis involving obscure and esoteric multiples and calculations.These companies blend the best of undervalued stock objectives. While some are less-than-profitable and may not be a value stock by most parameters, each has sufficient market strength and imminent tailwinds to propel higher per-share pricing. We’re rapidly entering an era where high-flying tech stocks relyin ...

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 C ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to ...