Noble Financial Analysts Lift Earnings Estimates for EuroDry

EuroDry (NASDAQ:EDRY) – Analysts at Noble Financial increased their Q2 2026 earnings per share estimates for EuroDry in a research note issued on Thursday, July 30th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $1.44 per share for the quarter, up from their prior estimate of $1.18. The consensus estimate for EuroDry’s current full-year earnings is $4.27 per share.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.30). The firm had revenue of $12.79 million for the quarter, compared to analyst estimates of $15.62 million. EuroDry had a negative return on equity of 0.88% and a negative net margin of 0.55%.

A number of other brokerages have also recently weighed in on EDRY. Zacks Research raised shares of EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Weiss Ratings lowered shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, EuroDry has a consensus rating of “Moderate Buy” and an average target price of $23.50.

EuroDry Stock Down 5.0%

Shares of NASDAQ:EDRY opened at $25.18 on Monday. The stock has a 50-day simple moving average of $23.10 and a 200-day simple moving average of $20.16. The stock has a market capitalization of $72.77 million, a P/E ratio of -193.69 and a beta of 0.68. EuroDry has a 1 year low of $10.00 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.55 and a current ratio of 1.61.

Hedge Funds Weigh In On EuroDry

An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC raised its position in EuroDry (NASDAQ:EDRY) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,347 shares of the company’s stock after acquiring an additional 21,047 shares during the quarter. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 at the end of the most recent quarter. Hedge funds and other 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.