Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCostamare Inc. (NYSE:CMRE) Surpasses Third-Quarter Earnings Estimates

Costamare Inc. (NYSE:CMRE) Surpasses Third-Quarter Earnings Estimates

Add to Favorite
Added to Favorite


Costamare Inc. (NYSE:CMRE) reported a third-quarter profit of $0.68 per share, exceeding the Zacks Consensus Estimate.
The company’s third-quarter revenue was approximately $538.4 million, significantly higher than the estimated $344.9 million.
Costamare’s financial metrics, including a price-to-earnings (P/E) ratio of 4.22 and an earnings yield of 23.71%, suggest strong potential returns for investors.

Costamare Inc. (NYSE:CMRE) is a prominent player in the shipping industry, specializing in owning and chartering containerships. The company operates a fleet that serves major liner companies worldwide. Costamare’s competitors include other shipping giants like Danaos Corporation and Global Ship Lease. The company is known for its strategic fleet management and long-term charter agreements, which contribute to its stable revenue streams.

On November 1, 2024, Costamare reported its third-quarter earnings, revealing a profit of $0.68 per share. This figure exceeded the Zacks Consensus Estimate of $0.64, indicating a strong performance. Compared to the previous year’s earnings of $0.46 per share, Costamare has shown significant growth, highlighting its robust financial health and operational efficiency, as noted by Zacks Investment Research.

Costamare’s revenue for the third quarter was approximately $538.4 million, significantly surpassing the estimated $344.9 million. This impressive revenue performance underscores the company’s ability to generate substantial income from its operations. The company’s low price-to-sales ratio of 0.81 suggests that the market values its sales at less than one times its revenue, indicating potential undervaluation.

The company’s financial metrics further emphasize its strong position. With a price-to-earnings (P/E) ratio of 4.22, Costamare is valued relatively low compared to its earnings. The enterprise value to sales ratio of 0.67 and an enterprise value to operating cash flow ratio of 2.64 reflect the company’s efficient cash generation relative to its enterprise value. Additionally, an earnings yield of 23.71% suggests strong potential returns for investors.

Costamare maintains a conservative capital structure, with a debt-to-equity ratio of 0.21, indicating prudent use of debt. The current ratio of 1.65 demonstrates the company’s healthy liquidity position, ensuring it can cover short-term liabilities. These financial metrics collectively highlight Costamare’s solid financial foundation and potential for continued growth in the shipping industry.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Walmart introduces virtual and AI-powered shopping for web fans, CWEB reports

Walmart (WMT), the leading retailer in North America, has...

Wayfair Inc. (NYSE:W) Q3 2024 Earnings Report Highlights

Wayfair reported an earnings per share (EPS) of -$0.60,...

LyondellBasell Industries N.V. (NYSE:LYB) Faces Financial Challenges Despite Strong Market Presence

LyondellBasell Industries N.V. (NYSE:LYB) reported earnings per share (EPS)...

Brunswick Corporation (NYSE: BC) Faces Market Challenges Despite Strong Product Range

Brunswick Corporation (NYSE:BC) reported third-quarter earnings per share (EPS)...