Noble Financial Has Bullish Forecast for EuroDry Q2 Earnings

EuroDry (NASDAQ:EDRY) – Stock analysts at Noble Financial lifted their Q2 2026 earnings per share estimates for shares of EuroDry in a research report issued to clients and investors on Tuesday, May 26th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings per share of $1.18 for the quarter, up from their previous estimate of $1.13. Noble Financial currently has a “Outperform” rating and a $23.50 target price on the stock. The consensus estimate for EuroDry’s current full-year earnings is $2.98 per share.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Weiss Ratings upgraded EuroDry from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded EuroDry from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EuroDry has a consensus rating of “Hold” and an average price target of $23.50.

EuroDry Trading Up 0.6%

NASDAQ EDRY opened at $23.59 on Wednesday. EuroDry has a 52 week low of $7.60 and a 52 week high of $24.00. The firm has a 50 day moving average of $20.54 and a two-hundred day moving average of $16.73. 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 stock has a market capitalization of $68.20 million, a PE ratio of -181.46 and a beta of 0.65.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The company had revenue of $12.79 million for the quarter, compared to analyst estimates of $15.62 million. EuroDry had a negative return on equity of 0.88% and a negative net margin of 0.55%.

Institutional Investors Weigh In On EuroDry

A hedge fund recently raised its stake in EuroDry stock. Renaissance Technologies LLC boosted its holdings in shares of EuroDry (NASDAQ:EDRY) by 53.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 60,347 shares of the company’s stock after purchasing an additional 21,047 shares during the period. Renaissance Technologies LLC owned approximately 2.09% of EuroDry worth $1,189,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.44% of the company’s stock.

EuroDry Company Profile

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.