FY2024 EPS Estimates for EuroDry Reduced by Noble Financial

EuroDry Ltd. (NASDAQ:EDRY) – Analysts at Noble Financial dropped their FY2024 earnings per share estimates for shares of EuroDry in a research note issued to investors on Wednesday, November 20th. Noble Financial analyst M. Reichman now anticipates that the company will earn ($2.46) per share for the year, down from their prior estimate of ($0.85). Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.46) per share. Noble Financial also issued estimates for EuroDry’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $1.10 EPS and FY2025 earnings at $3.28 EPS.

EuroDry Stock Performance

EuroDry stock opened at $14.10 on Friday. The firm has a fifty day simple moving average of $18.40 and a two-hundred day simple moving average of $20.71. EuroDry has a twelve month low of $11.09 and a twelve month high of $24.84. The company has a market capitalization of $40.05 million, a PE ratio of -6.41 and a beta of 0.80. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.74.

Institutional Trading of EuroDry

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC raised its position in EuroDry Ltd. (NASDAQ:EDRY) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,570 shares of the company’s stock after acquiring an additional 1,944 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.76% of EuroDry worth $530,000 at the end of the most recent quarter. 2.44% of the stock is currently owned by institutional investors.

About EuroDry

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.