Noble Financial Issues Negative Outlook for EuroDry Earnings

EuroDry Ltd. (NASDAQ:EDRY) – Research analysts at Noble Financial cut their Q3 2025 earnings estimates for shares of EuroDry in a note issued to investors on Wednesday, October 23rd. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $1.49 per share for the quarter, down from their prior estimate of $1.58. Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($0.65) per share. Noble Financial also issued estimates for EuroDry’s Q4 2025 earnings at $1.51 EPS.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.75). EuroDry had a negative net margin of 4.11% and a negative return on equity of 2.08%. The firm had revenue of $17.44 million during the quarter, compared to the consensus estimate of $17.89 million.

EuroDry Price Performance

EDRY opened at $19.07 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. EuroDry has a 12 month low of $14.46 and a 12 month high of $24.84. The company has a fifty day simple moving average of $20.23 and a 200 day simple moving average of $21.34. The stock has a market cap of $54.08 million, a P/E ratio of -16.73 and a beta of 0.78.

Hedge Funds Weigh In On EuroDry

A hedge fund recently raised its stake in EuroDry stock. Renaissance Technologies LLC increased its stake in EuroDry Ltd. (NASDAQ:EDRY) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,100 shares of the company’s stock after purchasing an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.94% of EuroDry worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission. 2.44% of the stock is 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.