According to Zacks, “EuroDry Ltd. is an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes. EuroDry Ltd. is based in Marousi, Greece. “
EDRY has been the topic of several other research reports. Maxim Group reiterated a “buy” rating and set a $11.00 price target on shares of EuroDry in a research report on Thursday, May 23rd. Noble Financial reiterated a “buy” rating on shares of EuroDry in a research report on Monday, July 29th. Finally, ValuEngine upgraded shares of EuroDry from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.
EuroDry (NASDAQ:EDRY) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.48. The business had revenue of $5.79 million for the quarter, compared to the consensus estimate of $5.92 million. EuroDry had a net margin of 12.94% and a return on equity of 5.86%. On average, analysts expect that EuroDry will post -1.75 EPS for the current fiscal year.
EuroDry Company Profile
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.
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