EuroDry Stock Earnings Estimates Reduced by Noble Financial

EuroDry (NASDAQ:EDRY) – Research analysts at Noble Financial reduced their Q4 2026 earnings per share estimates for shares of EuroDry in a report issued on Friday, November 6th. Noble Financial analyst M. Reichman now forecasts that the company will earn $1.42 per share for the quarter, down from their prior forecast of $1.51. The consensus estimate for EuroDry’s current full-year earnings is $5.91 per share.

EDRY has been the subject of several other research reports. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EuroDry in a report on Friday, August 21st. Finally, Zacks Research raised shares of EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 stock. According to MarketBeat.com, EuroDry has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

EuroDry Stock Up 0.9%

EuroDry stock opened at $38.80 on Wednesday. The company’s 50 day simple moving average is $52.14 and its 200 day simple moving average is $30.49. EuroDry has a fifty-two week low of $12.30 and a fifty-two week high of $73.07. The firm has a market capitalization of $111.24 million, a price-to-earnings ratio of 11.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23.

Insider Buying and Selling at EuroDry

In other EuroDry news, Director Aristeidis Pittas sold 2,950 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $50.76, for a total value of $149,742.00. Following the completion of the sale, the director directly owned 33,020 shares in the company, valued at $1,676,095.20. This represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Symeon Pariaros sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $42.00, for a total value of $113,400.00. Following the sale, the insider directly owned 4,576 shares in the company, valued at approximately $192,192. This represents a 37.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 2,200 shares of company stock valued at $110,925 and sold 11,993 shares valued at $548,277.

Institutional Trading of EuroDry

Hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in EuroDry during the 3rd quarter worth approximately $32,000. BlackRock Inc. acquired a new position in shares of EuroDry in the second quarter valued at approximately $47,000. Commonwealth Equity Services LLC acquired a new position in shares of EuroDry in the third quarter valued at approximately $371,000. Sowell Financial Services LLC acquired a new position in shares of EuroDry in the third quarter valued at approximately $592,000. Finally, Renaissance Technologies LLC increased its position in shares of EuroDry by 53.6% during the first quarter. Renaissance Technologies LLC now owns 60,347 shares of the company’s stock worth $1,189,000 after acquiring an additional 21,047 shares in the last quarter. 2.44% of the stock is currently owned by institutional investors and hedge funds.

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.