Costamare (NYSE:CMRE) Announces Earnings Results

Costamare (NYSE:CMRE) posted its quarterly earnings results on Wednesday. The shipping company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14), Zacks reports. 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 15.35%. Costamare’s revenue was down 6.9% compared to the same quarter last year.

Here are the key takeaways from Costamare’s conference call:

• Costamare forward‑chartered 12 container vessels (4k–14k TEU) adding about $940 million of incremental contracted revenues with a TEU‑weighted average charter duration of six years, boosting revenue visibility.
• Total contracted revenues reached $3.4 billion with revenue days fixed at ~96% for 2026 and ~92% for 2027, while the idle fleet is under 1%, supporting a tight charter market and robust rates.
• Strong reported results and liquidity — adjusted net income for 2025 of ~$376 million ($3.12/share), Q4 adjusted net income ~$72 million, and cash/liquidity of $590 million.
• Financing and growth actions include agreed pre‑/post‑delivery financing for six newbuilds, refinancing two ships at substantially lower cost with no significant maturities until 2027, and Neptune Maritime Leasing having funded or committed 54 assets (> $665 million), which expands exposure but requires ongoing capital deployment.

Costamare Stock Performance

Shares of NYSE:CMRE opened at $16.85 on Friday. The firm has a fifty day simple moving average of $16.09 and a two-hundred day simple moving average of $13.85. Costamare has a 52 week low of $6.63 and a 52 week high of $17.52. The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.03 billion, a P/E ratio of 5.91 and a beta of 1.24.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, January 20th. Costamare’s dividend payout ratio (DPR) is presently 18.40%.

Costamare News Roundup

Here are the key news stories impacting Costamare this week:

• Positive Sentiment: Company announced ~ $940M of new charter agreements and pipeline that materially expands contracted revenue and backlog — a key positive for future cash flow visibility. Costamare rises to 11-year high after Q4 beat, adding charter agreements worth $940M
• Positive Sentiment: Management highlighted a dry‑bulk spin‑off that it says helps lock in long‑term charter revenue and refocuses Costamare on containership and tanker leasing — improves clarity of cash flows and asset strategy. Costamare Posts Strong 2025 Earnings and Locks In Long-Term Charter Revenue After Dry Bulk Spin-Off
• Positive Sentiment: Management commentary and analysts note the charter market remains strong, supporting higher utilization and rates for many vessel types — a cyclical tailwind for future quarters. Costamare Q4 earnings miss, revenue beats as charter market remains strong
• Neutral Sentiment: Company released the formal Q4 press release, slide deck and earnings‑call materials — useful for digging into fleet contracts, financing and amortization assumptions. Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2025
• Neutral Sentiment: Full earnings‑call transcript and slide presentation are available for specifics on charter lengths, counterparty mix and capital allocation. Useful for model updates. Costamare Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Reported Q4 EPS of $0.60 missed consensus (~$0.74) and revenue (~$200.2M) was slightly below some expectations; revenue was down year‑over‑year — a near‑term earnings/headline negative that pressured the stock after the initial rally. Costamare Q4 earnings summary and materials
• Negative Sentiment: Analysts and some coverage flagged the EPS miss and YoY revenue decline, prompting downward revisions risk and short‑term volatility despite a solid backlog — investors may debate pacing of charter roll‑overs and one‑time items. Earnings Breakdown: Costamare Q4

Institutional Investors Weigh In On Costamare

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its stake in shares of Costamare by 30.5% in the 4th quarter. Mackenzie Financial Corp now owns 79,199 shares of the shipping company’s stock valued at $1,249,000 after purchasing an additional 18,512 shares during the last quarter. Empowered Funds LLC raised its holdings in Costamare by 1.9% during the 4th quarter. Empowered Funds LLC now owns 599,006 shares of the shipping company’s stock valued at $9,458,000 after buying an additional 11,037 shares during the period. VestGen Advisors LLC purchased a new stake in Costamare during the 4th quarter valued at $5,455,000. Susquehanna Fundamental Investments LLC bought a new stake in Costamare in the fourth quarter worth $1,185,000. Finally, Millennium Management LLC boosted its stake in Costamare by 276.5% during the fourth quarter. Millennium Management LLC now owns 67,702 shares of the shipping company’s stock worth $1,069,000 after buying an additional 49,721 shares during the period. 58.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMRE. Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Jefferies Financial Group upped their target price on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings upgraded shares of Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

About Costamare

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.