EuroDry (EDRY) Scheduled to Post Quarterly Earnings on Thursday

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EuroDry (NASDAQ:EDRY) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 23rd. Analysts expect EuroDry to post earnings of ($0.69) per share for the quarter.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.09. The firm had revenue of $6.90 million for the quarter, compared to analyst estimates of $6.84 million.

Shares of NASDAQ EDRY opened at $7.51 on Tuesday. The company has a market cap of $17.12 million and a P/E ratio of 31.29. The company has a quick ratio of 1.55, a current ratio of 1.61 and a debt-to-equity ratio of 1.30. EuroDry has a 52-week low of $4.89 and a 52-week high of $14.50.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of EuroDry from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Zacks Investment Research cut shares of EuroDry from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Finally, Noble Financial restated a “buy” rating and set a $13.50 price objective on shares of EuroDry in a report on Friday, March 1st.

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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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