Noble Financial Has Positive Outlook of EuroDry Q3 Earnings

EuroDry (NASDAQ:EDRY) – Investment analysts at Noble Financial upped their Q3 2026 earnings per share estimates for shares of EuroDry in a research report issued on Tuesday, May 26th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $1.22 per share for the quarter, up from their prior estimate of $0.74. 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. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $1.33 EPS and FY2026 earnings at $3.87 EPS.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.12 earnings per share (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 analysts’ expectations of $15.62 million. EuroDry had a negative return on equity of 0.88% and a negative net margin of 0.55%.

EDRY has been the topic of several other research reports. Zacks Research lowered EuroDry from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings downgraded EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, Wall Street Zen raised EuroDry from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EuroDry presently has an average rating of “Hold” and a consensus price target of $23.50.

EuroDry Stock Down 0.9%

Shares of EDRY opened at $23.37 on Thursday. The stock has a market capitalization of $67.54 million, a price-to-earnings ratio of -179.77 and a beta of 0.65. EuroDry has a 1 year low of $7.60 and a 1 year high of $24.48. The business’s 50 day simple moving average is $20.62 and its 200-day simple moving average is $16.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.61 and a quick ratio of 1.55.

Institutional Investors Weigh In On EuroDry

An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC boosted its stake in shares of EuroDry (NASDAQ:EDRY) by 53.6% during the first quarter, according to the company in its most recent Form 13F filing 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 quarter. Renaissance Technologies LLC owned about 2.09% of EuroDry worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 2.44% of the stock is owned by hedge funds and other institutional investors.

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.