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Costamare Inc   (CMRE)
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Costamare Inc

CMRE's Financial Statements and Analysis



Costamare Inc reported in the forth quarter of 2023 net earnings per share of $2.95 a decrease by -30.75 % year on year from $4.26 and an improvement compare to net loss per share of $0.00 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 2.95 $  1,511 Mill
$-1.31     -30.75 % $+398M     +35.69 %



Costamare Inc 's Revenue rose by 35.69 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,511 million and advanced by sequentially.


Costamare Inc is

More on CMRE's Income Statement



Costamare Inc 's net income of $381.019 million in the forth quarter of 2023 decreased by -31.31 % from net earnings of $554.692 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $0.000 million recorded in previous quarter.

More on CMRE's Growth

Costamare Inc Inventories
Inventories grew by 118.5 % to $61 million from IV. Quarter a year ago, sequentially inventories fell by 0 %. CMRE's Cash flow In the forth quarter of 2023 company's net cash flow was $14 million


Costamare Inc payed out dividend of $0.97 per share in last 52 weeks representing 32.88 % of net earning per share in trailing twelve-month period.

During the same period Costamare Inc earned $ 2.75 cash per share, on a free-cash flow basis 93.37 % of net earning per share.

Book value fell by 0.00 % sequentially to $20.27 per share.
Tangible Book value fell to $ 20.27 per share from $ 20.27.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.


More on CMRE's Dividends

 Market Capitalization (Millions) 1,683
 Shares Outstanding (Millions) 120
 Total Debt (Millions $) 2,346
 Revenue (TTM) (Millions $) 1,511
 Net Income (TTM) (Millions $) 381
 Cash Flow (TTM) (Millions $) 14
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.97 $
 Dividend Yield TTM (%) 6.93 %
 Employees (TTM) $ 6




Costamare Inc payed out dividend of $0.97 per share in the last 52 weeks representing 32.88 % of net earning per share in trailing twelve-month period.

During the same period Costamare Inc had $ 2.75 cash flow per share, on a free-cash flow basis 93.37 % of net earning per share.

Book value fell by 0.00 % sequentially to $20.27 per share.
Tangible Book value fell to $ 20.27 per share from $ 20.27.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.


More on CMRE's Balance Sheets

 Market Capitalization (Millions) 1,683
 Shares Outstanding (Millions) 120
 Total Debt (Millions $) 2,346
 Revenue (TTM) (Millions $) 1,511
 Net Income (TTM) (Millions $) 381
 Cash Flow (TTM) (Millions $) 14
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.97 $
 Dividend Yield TTM (%) 6.93 %
 Employees (TTM) $ 6
   


  News about Costamare Inc Earnings

Navigating Choppy Waters: Costamare Inc Grapples with Income Decline in 2023

Costamare Inc. (CMRE), a leading provider of container ships for charter, recently announced its financial results for the fourth quarter (Q4) of 2023 and the entire fiscal year ended December 31, 2023. In the Q4 2023, CMRE reported earnings per share (EPS) of $2.95 and revenue of $0.00 million. This represents a significant drop in EPS compared to the corresponding time-frame a year before when the company earned $4.26 per share. However, there was a notable increase of 35.691% in revenue for the same period.
Despite the challenging environment for marine transportation companies, CMRE thrived in the fourth quarter of 2023 while other entities in the industry experienced declining revenue and dwindling ...