Key Points
- Insider sale: Stefania Karmiri sold 400 EuroDry shares for approximately $15,400, reducing her holdings by 32% to 850 shares.
- Strong quarterly earnings: EuroDry reported quarterly EPS of $2.44, beating the $1.23 consensus estimate, while revenue of $17.70 million was slightly below expectations.
- Mixed but generally positive outlook: Analysts maintain a consensus “Moderate Buy” rating, supported by several upgrades and higher earnings forecasts, although the $23.50 consensus price target is below the stock’s recent trading level near $38.
EuroDry (NASDAQ:EDRY - Get Free Report) insider Stefania Karmiri sold 400 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.50, for a total value of $15,400.00. Following the completion of the transaction, the insider owned 850 shares of the company's stock, valued at $32,725. This represents a 32.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
EuroDry Trading Down 0.6%
Shares of NASDAQ:EDRY opened at $38.16 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. EuroDry has a 1 year low of $10.18 and a 1 year high of $40.00. The company has a market cap of $110.28 million, a P/E ratio of 11.53 and a beta of 0.68. The stock's fifty day moving average price is $24.48 and its 200-day moving average price is $21.12.
EuroDry (NASDAQ:EDRY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.23 by $1.21. EuroDry had a return on equity of 8.77% and a net margin of 15.02%.The company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. Sell-side analysts expect that EuroDry will post 5.77 earnings per share for the current year.
Analysts Set New Price Targets
EDRY has been the subject of a number of research analyst reports. Alliance Global Partners reiterated a "buy" rating on shares of EuroDry in a research note on Friday, August 7th. Weiss Ratings downgraded shares of EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, May 26th. Zacks Research upgraded shares of EuroDry from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Finally, Wall Street Zen raised shares of EuroDry from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, EuroDry has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.
Read Our Latest Analysis on EDRY
Institutional Trading of EuroDry
An institutional investor recently bought a new stake in EuroDry stock. BlackRock Inc. purchased a new stake in shares of EuroDry (NASDAQ:EDRY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent SEC filing. 2.44% of the stock is owned by hedge funds and other institutional investors.
Key EuroDry News
Here are the key news stories impacting EuroDry this week:
- Positive Sentiment: Higher earnings estimates: Noble Financial raised its Q3 2026 EPS forecast to $1.70 from $1.29 and increased its FY2026 estimate to $5.77 from $4.27. The revisions suggest improved expectations for EuroDry’s earnings performance and are a potential catalyst for the stock. MarketBeat EuroDry analyst estimates
- Positive Sentiment: Strong profitability highlighted: A Zacks article included EuroDry among four companies with solid net profit margins. EuroDry’s latest quarterly results also showed EPS of $2.44, well above the $1.23 consensus estimate, although revenue was slightly below expectations. Zacks article on companies with solid net profit margins
- Neutral Sentiment: Limited short positioning: Reported short interest increased 154.5% to 11,188 shares as of July 31, but that represents only 0.4% of EuroDry’s outstanding shares and about 0.1 days of average trading volume. The low absolute level limits the likely impact on the share price.
- Negative Sentiment: Insider selling: Director Aristeidis P. Pittas sold 500 shares for approximately $18,900, reducing his holdings by 0.65%. Insider Stefania Karmiri separately sold 400 shares for about $15,400, cutting her position by 32%. The transactions are relatively small, but insider sales can create some caution among investors. EuroDry insider transaction filing
About EuroDry
(
Get Free Report)
EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.
As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.
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