Wall Street analysts predict that EuroDry Ltd (NASDAQ:EDRY) will announce ($0.46) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for EuroDry’s earnings. EuroDry reported earnings of $0.62 per share in the same quarter last year, which would indicate a negative year over year growth rate of 174.2%. The business is expected to issue its next quarterly earnings report on Thursday, November 21st.
On average, analysts expect that EuroDry will report full year earnings of ($1.53) per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of ($0.05) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow EuroDry.
EuroDry (NASDAQ:EDRY) last posted its earnings results on Thursday, August 8th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.20). EuroDry had a net margin of 4.08% and a return on equity of 3.16%. The firm had revenue of $6.19 million during the quarter, compared to analyst estimates of $6.49 million.
Several equities research analysts recently commented on EDRY shares. Noble Financial set a $14.00 price target on shares of EuroDry and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine raised shares of EuroDry from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Maxim Group set a $9.00 target price on shares of EuroDry and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research raised shares of EuroDry from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Tuesday, August 20th.
Shares of EDRY traded down $0.50 during trading hours on Friday, hitting $7.40. The stock had a trading volume of 8,848 shares, compared to its average volume of 7,012. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.88. The firm has a 50-day moving average price of $7.69 and a 200 day moving average price of $7.70. EuroDry has a fifty-two week low of $6.51 and a fifty-two week high of $14.50. The firm has a market capitalization of $17.53 million, a price-to-earnings ratio of 30.83 and a beta of -0.92.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.
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