Noble Financial Has Bullish Estimate for EuroDry Q3 Earnings

EuroDry (NASDAQ:EDRY) – Research analysts at Noble Financial increased their Q3 2026 earnings per share estimates for shares of EuroDry in a report released on Friday, August 7th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $1.70 for the quarter, up from their prior 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.

EuroDry (NASDAQ:EDRY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.44 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 company had revenue of $17.70 million during the quarter, compared to analysts’ expectations of $17.86 million.

Several other research firms have also commented on EDRY. Weiss Ratings lowered shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Alliance Global Partners reissued a “buy” rating on shares of EuroDry in a report on Friday. Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a research report 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 equities research 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.

EuroDry Trading Up 4.8%

Shares of NASDAQ:EDRY opened at $36.39 on Tuesday. The stock has a market capitalization of $105.17 million, a price-to-earnings ratio of 10.99 and a beta of 0.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.28. The stock’s 50-day simple moving average is $23.87 and its two-hundred day simple moving average is $20.77. EuroDry has a 52-week low of $10.02 and a 52-week high of $38.45.

Hedge Funds Weigh In On EuroDry

A hedge fund recently bought a new stake in EuroDry stock. BlackRock Inc. acquired a new position in EuroDry (NASDAQ:EDRY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned approximately 0.07% of EuroDry at the end of the most recent reporting period. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

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.