What is Noble Financial’s Forecast for EuroDry Q3 Earnings?

EuroDry (NASDAQ:EDRY) – Equities research analysts at Noble Financial increased their Q3 2026 earnings estimates for shares of EuroDry in a report released on Friday, November 6th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $1.91 per share for the quarter, up from their prior estimate 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.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research report on Friday, August 21st. Alliance Global Partners restated a “buy” rating on shares of EuroDry in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of EuroDry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.50.

EuroDry Stock Up 11.1%

NASDAQ:EDRY opened at $38.45 on Tuesday. The firm’s 50-day moving average price is $52.35 and its 200-day moving average price is $30.36. The company has a market capitalization of $110.35 million, a PE ratio of 11.62 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. EuroDry has a 1-year low of $12.30 and a 1-year high of $73.07.

Insider Activity

In other news, Director Aristeidis Pittas sold 2,950 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $50.76, for a total transaction of $149,742.00. Following the completion of the transaction, the director directly owned 33,020 shares in the company, valued at $1,676,095.20. This trade 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 EuroDry 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 completion of the transaction, the insider directly owned 4,576 shares of the company’s stock, 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 three months, insiders purchased 2,200 shares of company stock worth $110,925 and sold 13,893 shares worth $624,239.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in shares of EuroDry during the third quarter valued at approximately $371,000. Sowell Financial Services LLC bought a new position in EuroDry during the third quarter valued at approximately $592,000. MassMutual Private Wealth & Trust FSB purchased a new stake in EuroDry in the third quarter worth approximately $32,000. BlackRock Inc. purchased a new stake in EuroDry in the second quarter worth approximately $47,000. Finally, Renaissance Technologies LLC boosted 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 purchasing an additional 21,047 shares during the last quarter. 2.44% of the stock is owned by hedge funds and other institutional investors.

EuroDry Company Profile

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.