EuroDry (EDRY) Scheduled to Post Quarterly Earnings on Thursday

EuroDry (NASDAQ:EDRY) is set to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect EuroDry to post earnings of $0.58 per share for the quarter.

EuroDry (NASDAQ:EDRY) last announced its earnings results on Tuesday, May 21st. The company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.89). The firm had revenue of $14.43 million for the quarter, compared to analyst estimates of $15.14 million. EuroDry had a negative net margin of 6.22% and a negative return on equity of 2.88%. On average, analysts expect EuroDry to post $1 EPS for the current fiscal year and $6 EPS for the next fiscal year.

EuroDry Price Performance

Shares of NASDAQ:EDRY traded up $0.79 during trading on Tuesday, reaching $21.00. The stock had a trading volume of 11,849 shares, compared to its average volume of 10,496. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 0.89. EuroDry has a 1-year low of $13.86 and a 1-year high of $24.84. The stock has a market cap of $59.64 million, a PE ratio of -18.37 and a beta of 0.79. The business has a fifty day moving average price of $22.90 and a 200-day moving average price of $21.80.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised shares of EuroDry to a “strong-buy” rating in a research note on Monday, July 29th.

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.