Noble Financial Analysts Lift Earnings Estimates for EuroDry

EuroDry (NASDAQ:EDRY) – Analysts at Noble Financial upped their Q3 2026 EPS estimates for EuroDry in a research report issued on Tuesday, May 26th. Noble Financial analyst M. Reichman now forecasts that the company will earn $1.22 per share for the quarter, up from their previous forecast of $0.74. Noble Financial has a “Outperform” rating and a $23.50 price objective 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 released its quarterly earnings data on Wednesday, May 20th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.30). The business had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $15.62 million. EuroDry had a negative net margin of 0.55% and a negative return on equity of 0.88%.

Several other equities research analysts also recently commented on the stock. Zacks Research downgraded shares of EuroDry from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings cut shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.50.

EuroDry Price Performance

NASDAQ EDRY opened at $23.37 on Thursday. The company has a market cap of $67.54 million, a PE ratio of -179.77 and a beta of 0.65. EuroDry has a 52 week low of $7.60 and a 52 week high of $24.48. The company has a quick ratio of 1.55, a current ratio of 1.61 and a debt-to-equity ratio of 0.86. The firm’s 50-day simple moving average is $20.62 and its two-hundred day simple moving average is $16.81.

Hedge Funds Weigh In On EuroDry

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

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.