EuroDry Ltd. (NASDAQ:EDRY - Free Report) - Investment analysts at Noble Financial lowered their Q3 2024 EPS estimates for EuroDry in a note issued to investors on Wednesday, October 23rd. Noble Financial analyst M. Reichman now expects that the company will earn ($0.70) per share for the quarter, down from their prior forecast of ($0.55). Noble Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for EuroDry's current full-year earnings is ($0.65) per share. Noble Financial also issued estimates for EuroDry's Q4 2024 earnings at $1.20 EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $1.51 EPS and FY2025 earnings at $5.69 EPS.
EuroDry (NASDAQ:EDRY - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.75). The company had revenue of $17.44 million for the quarter, compared to analyst estimates of $17.89 million. EuroDry had a negative return on equity of 2.08% and a negative net margin of 4.11%.
EuroDry Trading Down 0.4 %
Shares of EDRY stock traded down $0.08 on Friday, hitting $18.92. 2,383 shares of the stock traded hands, compared to its average volume of 8,780. EuroDry has a twelve month low of $14.46 and a twelve month high of $24.84. The stock has a market capitalization of $53.67 million, a PE ratio of -16.60 and a beta of 0.78. The firm's 50-day moving average price is $20.20 and its two-hundred day moving average price is $21.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 0.98.
Institutional Trading of EuroDry
An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC increased its holdings in EuroDry Ltd. (NASDAQ:EDRY - Free Report) by 9.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,570 shares of the company's stock after acquiring an additional 1,944 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.76% of EuroDry worth $530,000 at the end of the most recent quarter. Institutional investors own 2.44% of the company's stock.
EuroDry Company Profile
(
Get Free Report)
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.
See Also
Before you consider EuroDry, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EuroDry wasn't on the list.
While EuroDry currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
