Streetbeat News

EDRY

EuroDry Ltd.

https://www.eurodry.gr

Industry

Marine Shipping

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, including bauxite, phosphate, and fertilizers. As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

Open

15.00

Mkt cap

42M

Volume

6.6K

High

15.00

P/E Ratio

-17.00

52-wk high

24.84

Low

14.11

Div yield

N/A

52-wk low

14.11

EuroDry (NASDAQ:EDRY) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $0.32. Historical data shows positive stock price movements following earnings beats. Shares have increased by 25.13% over the last 52 weeks, indicating a positive trend for long-term shareholders. Investors are advised to watch for the company's performance against the EPS estimate and any forward-looking guidance provided.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:01 pm

Alliance Global Partners analyst Poe Fratt has initiated coverage on EuroDry Ltd. (NASDAQ:EDRY) with a Buy rating and set a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:21 pm

EuroDry (NASDAQ:EDRY) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.95. The company's past performance shows a trend of share price increase following earnings reports, even when EPS estimates were missed. The stock is currently trading at $14.97 and has seen a 0.5% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:01 pm

EuroDry has announced the delivery of M/V Maria, an eco ultramax drybulk carrier. The company has also arranged a sustainability-linked loan of $11M with Eurobank to partly finance the acquisition.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:29 pm

Due to a lack of rain, the Panama Canal will reduce its booking slots from November 3 to November 6. This could potentially impact shipping companies and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:17 pm

EuroDry Ltd. (NASDAQ:EDRY) has formed a joint venture with investors represented by NRP Project Finance AS for the ownership of two Ultramax vessels. NRP Investors will acquire a 39% stake in each vessel. EuroDry has also taken delivery of one of the vessels, M/V Christos K, and arranged a sustainability-linked loan of $11 million with Eurobank S.A. to partly finance the acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:17 pm

EuroDry Ltd. (NASDAQ:EDRY) has announced the delivery of M/V YANNIS PITTAS, an Ultramax drybulk carrier, which is the first of three such carriers the company agreed to acquire. The vessel was paid for in cash and is expected to be partly financed by a $10.5 million sustainability-linked loan from Eurobank S.A. The vessel is under a time charter contract until December 2023 at $12,500 per day. The remaining two vessels are expected to be delivered by October 2023.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 1:04 pm

EuroDry Ltd (NASDAQ:EDRY) is set to acquire three Ultramax bulkers for a total price of about $65 million. The vessels are expected to be delivered to EuroDry during October and November 2023. The company will finance the acquisitions with its own funds and bank debt. After the acquisition, the company will have a fleet of 13 vessels. EDRY shares are trading lower by 0.21% at $14.03.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 3:33 pm

EuroDry Ltd. (EDRY) has announced an agreement to acquire three Eco Ultramax bulkers for approximately $65 million. The acquisition is expected to be financed through a combination of debt and equity.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:20 pm

EuroDry (NASDAQ:EDRY) reported Q2 adjusted losses of $(0.48) per share, missing the analyst consensus estimate of $0.54 by 188.89%. The company also reported quarterly sales of $10.30 million, missing the analyst consensus estimate of $13.87 million by 25.74%. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:33 pm

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