Noble Financial Has Positive Outlook for EuroDry Q3 Earnings

EuroDry (NASDAQ:EDRY) – Investment analysts at Noble Financial increased their Q3 2026 earnings estimates for shares of EuroDry in a research note issued to investors on Friday, November 6th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $1.91 for the quarter, up from their previous forecast of $1.70. The consensus estimate for EuroDry’s current full-year earnings is $5.77 per share. Noble Financial also issued estimates for EuroDry’s FY2026 earnings at $5.91 EPS.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of EuroDry in a research note on Friday, August 21st. Zacks Research lowered EuroDry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Alliance Global Partners restated a “buy” rating on shares of EuroDry in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.50.

EuroDry Price Performance

EuroDry stock opened at $38.45 on Tuesday. EuroDry has a 12 month low of $12.30 and a 12 month high of $73.07. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $52.35 and its 200 day simple moving average is $30.36. The company has a market cap of $110.35 million, a price-to-earnings ratio of 11.62 and a beta of 0.82.

Institutional Investors Weigh In On EuroDry

Several institutional investors and hedge funds have recently modified their holdings of EDRY. Sowell Financial Services LLC purchased a new position in shares of EuroDry during the third quarter valued at about $592,000. Renaissance Technologies LLC lifted its holdings in EuroDry by 53.6% in the first quarter. Renaissance Technologies LLC now owns 60,347 shares of the company’s stock worth $1,189,000 after buying an additional 21,047 shares during the period. Commonwealth Equity Services LLC purchased a new stake in EuroDry in the third quarter worth about $371,000. MassMutual Private Wealth & Trust FSB purchased a new stake in EuroDry in the third quarter worth about $32,000. Finally, BlackRock Inc. bought a new stake in EuroDry during the 2nd quarter valued at approximately $47,000. 2.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EuroDry

In related news, Director Panagiotis Kyriakopoulos sold 2,067 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $43.80, for a total transaction of $90,534.60. Following the completion of the transaction, the director owned 8,400 shares in the company, valued at $367,920. This represents a 19.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Symeon Pariaros sold 2,676 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $45.80, for a total value of $122,560.80. Following the completion of the sale, the insider directly owned 1,900 shares of the company’s stock, valued at $87,020. The trade was a 58.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 2,200 shares of company stock worth $110,925 and have sold 13,893 shares worth $624,239.

About EuroDry

EuroDry Ltd. (NASDAQ: EDRY) is a dry bulk shipping company that owns and operates vessels used to transport a range of essential commodities. Its cargoes may include iron ore, grain, coal, steel products, forest products and other dry bulk materials.

The company’s fleet has primarily consisted of smaller dry bulk vessels, including Handy-size and Supramax-class ships. These vessels serve international trade routes and are employed through time charters, voyage charters and other commercial arrangements, depending on market conditions and customer requirements.

EuroDry was established in 1997 and is managed from offices in Athens, Greece.