Costamare (NYSE:CMRE) Cut to Hold at Wall Street Zen

Costamare (NYSE:CMRE) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

CMRE has been the subject of a number of other research reports. Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Jefferies Financial Group raised their price objective on Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

Costamare Price Performance

Shares of CMRE opened at $17.20 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 1.73. The firm has a market cap of $2.07 billion, a PE ratio of 6.03 and a beta of 1.24. The firm’s 50 day moving average price is $16.12 and its 200 day moving average price is $13.90. Costamare has a twelve month low of $6.63 and a twelve month high of $17.52.

Costamare (NYSE:CMRE) last released its quarterly earnings results on Wednesday, February 18th. The shipping company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The business had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, research analysts expect that Costamare will post 2.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Costamare

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Costamare by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock worth $140,000 after purchasing an additional 1,148 shares in the last quarter. State of Wisconsin Investment Board lifted its position in Costamare by 3.0% in the fourth quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock worth $727,000 after purchasing an additional 1,331 shares during the period. Ieq Capital LLC boosted its stake in Costamare by 2.2% during the fourth quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock worth $1,148,000 after buying an additional 1,575 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in Costamare in the 4th quarter valued at $29,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Costamare in the 4th quarter valued at $30,000. 58.08% of the stock is currently owned by institutional investors.

Key Costamare News

Here are the key news stories impacting Costamare this week:

• Positive Sentiment: Large long-term charter wins and backlog drive optimism — management highlighted new charter agreements (reportedly totaling roughly $940M of contract backlog) that boost contracted revenue visibility and support fleet utilization, a key reason investors bid the stock up. Read More.
• Positive Sentiment: Earnings call stressed strong charter market fundamentals and contract wins — management described robust Capesize/Panamax/Supramax markets and emphasized the pipeline of period charters and index-linked agreements that support forward cash flow. Read More.
• Neutral Sentiment: Q4 results were mixed: operational strength vs. near-term accounting/earnings misses — the quarter showed solid charter activity but EPS missed consensus and revenue was roughly flat-to-down versus prior year in some reports; investors are treating the quarter as transitory given the contract wins. Read More.
• Neutral Sentiment: Spin-off (Costamare Bulkers — CMDB) results provide clarity but add near-term noise — CMDB reported its own Q4 figures and a realignment with Cargill that moves trading positions off the platform; this clarifies exposures but creates transitional adjustments for the group. Read More.
• Negative Sentiment: Costamare Bulkers reported an adjusted net loss for Q4 and legacy/charter‑in costs remain high — CMDB showed an adjusted Q4 loss (~$1.7M) and very large charter‑in hire expenses, underscoring margin pressure from third‑party tonnage and legacy positions that could feed through to consolidated results or require further fleet reshuffling. Read More.
• Negative Sentiment: Near-term EPS miss and non-recurring items create headline risk — CMRE’s Q4 EPS missed street estimates and the quarter included non-recurring/realignment costs and derivative/mark‑to‑market items that could keep headlines volatile despite the stronger forward book. Read More.

Costamare Company Profile

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.