Noble Financial Issues Positive Outlook for EuroDry Earnings

EuroDry (NASDAQ:EDRY) – Analysts at Noble Financial increased their Q2 2026 earnings per share (EPS) estimates for EuroDry in a report released on Tuesday, May 26th. Noble Financial analyst M. Reichman now forecasts that the company will earn $1.18 per share for the quarter, up from their prior forecast of $1.13. Noble Financial has a “Outperform” rating and a $23.50 price target on the stock. The consensus estimate for EuroDry’s current full-year earnings is $2.98 per share.

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

A number of other research firms also recently commented on EDRY. Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Weiss Ratings upgraded shares of EuroDry from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Zacks Research lowered EuroDry from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.50.

EuroDry Stock Performance

Shares of EDRY opened at $23.59 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.61 and a debt-to-equity ratio of 0.86. EuroDry has a 52-week low of $7.60 and a 52-week high of $24.00. The company has a 50-day simple moving average of $20.54 and a 200-day simple moving average of $16.73. The company has a market capitalization of $68.20 million, a PE ratio of -181.46 and a beta of 0.65.

Hedge Funds Weigh In On EuroDry

An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC raised its holdings in EuroDry (NASDAQ:EDRY) by 53.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,347 shares of the company’s stock after purchasing an additional 21,047 shares during the period. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.44% of the company’s stock.

EuroDry Company Profile

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.