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.

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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

EuroDry (NASDAQ:EDRY) is set to release its latest quarterly earnings report on Tuesday, 2023-08-08. Analysts estimate an earnings per share (EPS) of $0.54. The company's past performance shows a trend of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 20.27% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:01 pm

Eurodry Ltd. has filed for a mixed shelf offering of up to $200 million, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:30 pm

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