Wall Street brokerages predict that EuroDry Ltd (NASDAQ:EDRY) will announce ($0.06) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for EuroDry’s earnings. EuroDry reported earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 71.4%. The company is scheduled to report its next quarterly earnings report on Thursday, May 28th.

According to Zacks, analysts expect that EuroDry will report full year earnings of $0.29 per share for the current year. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover EuroDry.

EuroDry (NASDAQ:EDRY) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.62. The business had revenue of $7.61 million for the quarter. EuroDry had a negative return on equity of 0.23% and a negative net margin of 1.67%.

Several brokerages have issued reports on EDRY. Zacks Investment Research cut EuroDry from a “buy” rating to a “hold” rating in a research report on Tuesday. Noble Financial reaffirmed a “buy” rating and set a $11.44 target price on shares of EuroDry in a research report on Sunday, February 16th. Maxim Group dropped their target price on EuroDry from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, ValuEngine raised EuroDry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

NASDAQ EDRY remained flat at $$5.55 during midday trading on Wednesday. The company’s stock had a trading volume of 52 shares, compared to its average volume of 899. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $12.65 million, a P/E ratio of -6.45 and a beta of -0.82. The firm has a 50 day simple moving average of $6.39 and a 200-day simple moving average of $7.47. EuroDry has a 1-year low of $4.73 and a 1-year high of $10.90.

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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