EuroDry (NASDAQ:EDRY - Free Report) - Equities research analysts at Noble Financial boosted their Q3 2026 earnings per share estimates for shares of EuroDry in a research note issued on Friday, August 7th. Noble Financial analyst M. Reichman now anticipates that the company will earn $1.70 per share for the quarter, up from their previous forecast of $1.29. The consensus estimate for EuroDry's current full-year earnings is $4.27 per share. Noble Financial also issued estimates for EuroDry's FY2026 earnings at $5.77 EPS.
Other equities analysts have also issued research reports about the company. Alliance Global Partners reaffirmed a "buy" rating on shares of EuroDry in a research report on Friday. Weiss Ratings downgraded shares of EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of EuroDry from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 3rd. Finally, Zacks Research raised shares of EuroDry from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.50.
Check Out Our Latest Stock Analysis on EuroDry
EuroDry Trading Up 4.8%
NASDAQ EDRY opened at $36.39 on Tuesday. EuroDry has a 12 month low of $10.02 and a 12 month high of $38.45. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. The stock's fifty day moving average price is $23.87 and its 200-day moving average price is $20.77. The stock has a market cap of $105.17 million, a P/E ratio of 10.99 and a beta of 0.68.
EuroDry (NASDAQ:EDRY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $1.21. EuroDry had a return on equity of 8.77% and a net margin of 15.02%.The business had revenue of $17.70 million during the quarter, compared to analysts' expectations of $17.86 million.
Institutional Trading of EuroDry
An institutional investor recently bought a new position in EuroDry stock. BlackRock Inc. acquired a new stake in shares of EuroDry (NASDAQ:EDRY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned about 0.07% of EuroDry as of its most recent SEC filing. 2.44% of the stock is currently owned by institutional investors and hedge funds.
EuroDry Company Profile
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EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.
As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.
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