Noble Financial Analysts Lift Earnings Estimates for EuroDry

EuroDry Ltd. (NASDAQ:EDRY) – Equities researchers at Noble Financial increased their Q1 2025 earnings estimates for EuroDry in a research report issued on Tuesday, February 25th. Noble Financial analyst M. Reichman now expects that the company will earn ($1.84) per share for the quarter, up from their previous estimate of ($2.22). Noble Financial has a “Market Perform” rating on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share. Noble Financial also issued estimates for EuroDry’s Q2 2025 earnings at $0.31 EPS and FY2025 earnings at ($0.43) EPS.

EuroDry Stock Down 0.9 %

Shares of NASDAQ EDRY opened at $10.67 on Thursday. The stock has a market capitalization of $30.25 million, a PE ratio of -4.85 and a beta of 0.76. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $11.08 and a 200-day moving average of $15.39. EuroDry has a 52-week low of $10.04 and a 52-week high of $24.84.

Institutional Investors Weigh In On EuroDry

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC grew its position in EuroDry Ltd. (NASDAQ:EDRY) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,693 shares of the company’s stock after purchasing an additional 4,289 shares during the period. Linden Thomas Advisory Services LLC owned approximately 1.05% of EuroDry worth $333,000 as of its most recent SEC filing. 2.44% of the stock is owned by hedge funds and other institutional investors.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.