Last $24.18 USD
Change Today -0.15 / -0.62%
Volume 118.8K
CMRE On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

costamare inc (CMRE) Snapshot

Open
$24.35
Previous Close
$24.33
Day High
$24.37
Day Low
$24.09
52 Week High
07/24/14 - $24.94
52 Week Low
12/12/13 - $15.90
Market Cap
1.8B
Average Volume 10 Days
169.8K
EPS TTM
$1.50
Shares Outstanding
74.8M
EX-Date
07/21/14
P/E TM
16.1x
Dividend
$1.12
Dividend Yield
4.54%
Current Stock Chart for COSTAMARE INC (CMRE)

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costamare inc (CMRE) Details

Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 17, 2014, it had a fleet of 67 containerships with a total capacity of approximately 445,000 twenty foot equivalent units. The company was founded in 1975 and is based in Athens, Greece.

2,000 Employees
Last Reported Date: 02/21/14
Founded in 1975

costamare inc (CMRE) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

costamare inc (CMRE) Key Developments

Costamare Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014

Costamare Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported voyage revenue of $100.0 million against $123.5 million a year ago. Net income was $30.6 million against $27.4 million a year ago. Voyage revenue adjusted on a cash basis was $103.3 million against $126.0 million a year ago. Net cash provided by operating activities was $43.2 million against $61.1 million a year ago. Operating income was $44.199 million against $52.227 million a year ago. Earnings per basic and diluted share was $0.41 against 0.32 a year ago. The increase in voyage revenue was mainly due to: revenue earned by the six and three new build vessels delivered to the company during the nine-month period ended December 31, 2013 and the six-month period ended June 30, 2014, respectively; partly offset by decreased charter rates in certain of the company's vessels during the three-month period ended June 30, 2014, compared to the three-month period ended June 30, 2013, and revenues not earned by two and one vessels sold for scrap during the nine-month period ended December 31, 2013 and the six-month period ended June 30, 2014, respectively. The increase in net cash flows provided by operating activities was primarily attributable to increased cash from operations of $22.7 million due to cash generated from the employment of the six and three new build vessels delivered during the nine-month period ended December 31, 2013 and the six-month period ended June 30, 2014, respectively, decreased payments for dry-dockings during the period of $1.8 million and the favorable change in the working capital position, excluding the current portion of long-term debt and the accrued charter revenue (representing the difference between cash received in that period and revenue recognized on a straight-line basis) of $2.7 million; partly offset by the increased payments for interest (including swap payments) during the period of $2.4 million. Adjusted EBITDA was $67.626 million against $91.358 million a year ago. Adjusted net income available to common stockholders was $27.696 million against $36.210 million a year ago. Adjusted earnings per share were $0.37 against $0.48 a year ago. EBITDA was $70.486 million against $79.415 million a year ago. For the six months, the company reported voyage revenue was $191.6 million against $238.4 million a year ago. Net income was $55.3 million against $47.2 million a year ago. Voyage revenue adjusted on a cash basis was $198.2 million against $243.5 million a year ago. Net cash provided by operating activities was $78.1 million against $115.0 million a year ago. Operating income was $82.683 million against $103.047 million a year ago. Earnings per basic and diluted share was $0.74 against $0.55 a year ago. The increase in voyage revenue was mainly attributable to revenue earned by the seven and three new build vessels delivered to the company during the year ended December 31, 2013 and the six-month period ended June 30, 2014, respectively; partly offset by decreased charter rates in certain of the company's vessels during the six-month period ended June 30, 2014, compared to the six-month period ended June 30, 2013, and revenues not earned by vessels which were sold for scrap during the nine-month period ended December 31, 2013 and the six-month period ended June 30, 2014. Voyage revenue adjusted on a cash basis (which eliminates non-cash accrued charter revenue), increased by 22.9%, or $45.3 million. This increase was mainly attributable to revenue earned by the seven and three newbuild vessels delivered to the company' during the year ended December 31, 2013 and the six-month period ended June 30, 2014, respectively; partly offset by decreased charter rates in certain of the company's vessels during the six-month period ended June 30, 2014, compared to the six-month period ended June 30, 2013, and revenues not earned by vessels which were sold for scrap during the nine-month period ended December 31, 2013 and the six-month period ended June 30, 2014. The increase in net cash flows provided by operating activities was primarily attributable to increased cash from operations of $45.3 million due to cash generated from the charters of the seven and three new build vessels delivered to the company's during the year ended December 31,2013 and the six-month period ended June 30, 2014, respectively, a favorable change in working capital position, excluding the current portion of long-term debt and the accrued charter revenue (representing the difference between cash received in that period and revenue recognized on a straight-line basis) of $14.2 million and decreased dry-docking payments of $1.6 million; partly offset by increased payments for interest (including swap payments) of $9.8 million. Adjusted EBITDA was $128.852 million against $173.440 million a year ago. Adjusted net income available to common stockholders was $49.635 million against $62.524 million a year ago. Adjusted earnings per share were $0.66 against $0.84 a year ago. EBITDA was $134.508 million against $152.410 million a year ago.

Costamare Inc. to Report Q2, 2014 Results on Jul 23, 2014

Costamare Inc. announced that they will report Q2, 2014 results at 5:00 PM, GTB Standard Time on Jul 23, 2014

Costamare Inc., Q2 2014 Earnings Call, Jul 24, 2014

Costamare Inc., Q2 2014 Earnings Call, Jul 24, 2014

 

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CMRE

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Valuation CMRE Industry Range
Price/Earnings 20.7x
Price/Sales 3.9x
Price/Book 2.4x
Price/Cash Flow 9.3x
TEV/Sales NM Not Meaningful
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