Initiating coverage on Costamare with a "Buy" rating and an 18–24 month horizon due to attractive valuation and sustainable dividends. Strong fundamentals: robust liquidity, healthy credit metrics, and significant order backlog support the bull thesis and dividend sustainability. Market conditions: macroeconomic headwinds and geopolitical tensions impact rates, but expansionary monetary policies and strong chartering activity provide growth potential.
Costamare Inc. (NYSE:CMRE ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Gregory Zikos - CFO Conference Call Participants Omar Nokta - Jefferies Clement Mullins - Value Investors Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the Third Quarter 2024 Financial Results. We have with us today Mr.
Costamare (CMRE) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.46 per share a year ago.
The latest trading day saw Costamare (CMRE) settling at $13.21, representing a -1.42% change from its previous close.
Costamare (CMRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Costamare (CMRE) closed at $13.53, indicating a +0.67% shift from the previous trading day.
Here is how Costamare (CMRE) and Southwest Airlines (LUV) have performed compared to their sector so far this year.
In the latest trading session, Costamare (CMRE) closed at $14.38, marking a +0.49% move from the previous day.
In the most recent trading session, Costamare (CMRE) closed at $14.32, indicating a -1.65% shift from the previous trading day.
Costamare (CMRE) reachead $15.43 at the closing of the latest trading day, reflecting a -1.78% change compared to its last close.
Costamare (CMRE) closed the most recent trading day at $15.82, moving +1.8% from the previous trading session.
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