Noble Financial Has Negative Opinion of EuroDry Q4 Earnings

Key Points

• Noble Financial cut its Q4 2026 EPS forecast for EuroDry to $1.42 from $1.51. The article also reports a consensus full-year EPS estimate of $5.91.
• Analyst views are mixed, but EuroDry has a “Moderate Buy” consensus rating and an average price target of $23.50.
• Company insiders sold 11,993 shares worth about $548,000 during the last quarter, while also acquiring 2,200 shares valued at roughly $111,000.

EuroDry (NASDAQ:EDRY - Free Report) - Noble Financial dropped their Q4 2026 EPS estimates for EuroDry in a report released on Friday, November 6th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $1.42 for the quarter, down from their prior forecast of $1.51. The consensus estimate for EuroDry's current full-year earnings is $5.91 per share.

A number of other research analysts have also commented on EDRY. Alliance Global Partners reiterated a "buy" rating on shares of EuroDry in a research report on Friday, August 7th. Weiss Ratings restated a "sell (d-)" rating on shares of EuroDry in a research report on Friday, August 21st. Finally, Zacks Research raised EuroDry from a "hold" rating to a "strong-buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EuroDry currently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

EuroDry Stock Performance

EDRY stock opened at $38.80 on Wednesday. The company has a 50 day moving average price of $52.14 and a 200 day moving average price of $30.49. EuroDry has a fifty-two week low of $12.30 and a fifty-two week high of $73.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $111.24 million, a PE ratio of 11.72 and a beta of 0.82.

Insider Activity

In other news, insider Symeon Pariaros sold 2,700 shares of EuroDry stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $42.00, for a total transaction of $113,400.00. Following the completion of the sale, the insider owned 4,576 shares in the company, valued at $192,192. The trade was a 37.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aristeidis Pittas sold 2,950 shares of EuroDry stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $50.76, for a total transaction of $149,742.00. Following the sale, the director owned 33,020 shares of the company's stock, valued at approximately $1,676,095.20. This represents a 8.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 2,200 shares of company stock valued at $110,925 and have sold 11,993 shares valued at $548,277.

Institutional Trading of EuroDry

A number of institutional investors have recently bought and sold shares of EDRY. Sowell Financial Services LLC bought a new stake in shares of EuroDry during the 3rd quarter valued at $592,000. Renaissance Technologies LLC lifted its stake in shares of EuroDry by 53.6% in the 1st quarter. Renaissance Technologies LLC now owns 60,347 shares of the company's stock valued at $1,189,000 after purchasing an additional 21,047 shares during the period. BlackRock Inc. bought a new position in shares of EuroDry in the 2nd quarter worth $47,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of EuroDry in the 3rd quarter worth $32,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of EuroDry in the 3rd quarter worth $371,000. Institutional investors and hedge funds own 2.44% of the company's stock.

EuroDry Company Profile

EuroDry Ltd. NASDAQ: EDRY is a dry bulk shipping company that owns and operates vessels used to transport a range of essential commodities. Its cargoes may include iron ore, grain, coal, steel products, forest products and other dry bulk materials. The company's fleet has primarily consisted of smaller dry bulk vessels, including Handy-size and Supramax-class ships. These vessels serve international trade routes and are employed through time charters, voyage charters and other commercial arrangements, depending on market conditions and customer requirements.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.