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Costamare(CMRE) - 2023 Q4 - Annual Report
2024-03-29 12:55
Not applicable. ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable. ITEM 3. KEY INFORMATION A. Reserved. B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Risk Factor Summary Industry Risks Risks Inherent in Our Business • Our profitability will be dependent on the level of charter rates in the international shipping industry which are based on macroeconomic factors outside of our control; • The market value of our ves ...
Costamare PFD E: No Obvious Credit Angle, No Obvious Duration Angle
Seeking Alpha· 2024-03-18 04:58
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 12:38
Suphanat KhumsapCostamare Inc. (NYSE:CMRE) appears to be celebrating recent investments in the dry bulk sector as EPS, and FCF growth momentum increases. Also, expenditures in the leasing platform, and funding of new vessels could also serve as net sales catalysts in the coming years. I did appreciate also that CMRE recently classified new vessels as held for sale, which may bring more cash in hand to refinance the balance sheet. Recent dividend growth, and the ongoing repurchase of shares at close to $ ...
Costamare(CMRE) - 2023 Q4 - Earnings Call Transcript
2024-02-07 16:29
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 13:11
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 compa ...
Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023
Newsfilter· 2024-02-07 10:57
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 ...
Costamare Inc. Sets The Date For Its Fourth Quarter 2023 Results Release, Conference Call And Webcast
Newsfilter· 2024-02-02 17:40
Earnings Release: Wednesday, February 7, 2024, Before Market Opens Conference Call and Webcast: Wednesday, February 7, 2024, at 8:30 a.m. ET MONACO, Feb. 02, 2024 (GLOBE NEWSWIRE) --  Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the fourth quarter ended December 31, 2023 before the market opens in New York on February 7, 2024. Conference Call Details: On Wednesday, February 7, 2024 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the fi ...
Costamare Inc. Sets The Date For Its Fourth Quarter 2023 Results Release, Conference Call And Webcast
Globenewswire· 2024-02-02 17:40
Earnings Release: Wednesday, February 7, 2024, Before Market Opens Conference Call and Webcast: Wednesday, February 7, 2024, at 8:30 a.m. ET MONACO, Feb. 02, 2024 (GLOBE NEWSWIRE) --  Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the fourth quarter ended December 31, 2023 before the market opens in New York on February 7, 2024. Conference Call Details: On Wednesday, February 7, 2024 at 8:30 a.m. ET, Costamare’s management team will hold a conference call to discuss the fi ...
Are Investors Undervaluing Costamare (CMRE) Right Now?
Zacks Investment Research· 2024-01-30 15:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.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 use fundamental analysis and ...
Costamare(CMRE) - 2023 Q3 - Quarterly Report
2023-11-12 16:00
Exhibit 99.1 | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|------------------------------------| | ASSETS \nCURRENT ASSETS: | December 31, 2022 (Audited) | September 30, 2023 (Unaudited) | | Cash and cash equivalents (Note 1) | $ 718,049 | $ 726,011 | | Restricted cash (Note 1) Margin deposits (Note 22(d)) | 9,768 - | 10,429 38,651 | | Accounts receivable, ...