Noble Financial Has Positive Outlook of EuroDry Q4 Earnings

EuroDry (NASDAQ:EDRY) – Analysts at Noble Financial upped their Q4 2026 earnings per share (EPS) estimates for EuroDry in a research note issued to investors on Friday, August 7th. Noble Financial analyst M. Reichman now expects that the company will post earnings of $1.51 per share for the quarter, up from their previous forecast of $1.40. The consensus estimate for EuroDry’s current full-year earnings is $4.27 per share.

EuroDry (NASDAQ:EDRY) last issued its earnings results on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.70 million for the quarter, compared to analysts’ expectations of $17.86 million.

Other research analysts have also issued reports about the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research note on Friday. Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Zacks Research upgraded shares of EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

EuroDry Stock Performance

Shares of EDRY stock opened at $36.39 on Monday. The firm has a market capitalization of $105.17 million, a PE ratio of 10.99 and a beta of 0.68. The firm has a fifty day simple moving average of $23.87 and a two-hundred day simple moving average of $20.77. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. EuroDry has a 12 month low of $10.02 and a 12 month high of $38.45.

Hedge Funds Weigh In On EuroDry

An institutional investor recently bought a new position in EuroDry stock. BlackRock Inc. acquired a new position in shares of EuroDry (NASDAQ:EDRY) during the second quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent reporting period. Institutional investors own 2.44% of the company’s stock.

About EuroDry

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.