EuroDry (EDRY) Lifted to Hold at Zacks Investment Research
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 subject of a number of other research reports. Noble Financial restated a “buy” rating and issued a $13.50 target price on shares of EuroDry in a research note on Friday, March 1st. ValuEngine upgraded EuroDry from a “sell” rating to a “hold” rating in a research note on Friday, March 29th.
EuroDry (NASDAQ:EDRY) last issued its earnings results on Tuesday, February 19th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The firm had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.84 million. As a group, equities research analysts expect that EuroDry will post -1.74 earnings per share for the current year.
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.
Read More: What are gap-down stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with MarketBeat.com's FREE daily email newsletter.