Zacks: EuroDry Ltd (NASDAQ:EDRY) Given $8.75 Average Price Target by Brokerages
EuroDry Ltd (NASDAQ:EDRY) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $8.75 for the company and are predicting that the company will post ($1.03) earnings per share for the current quarter, according to Zacks. Zacks has also given EuroDry an industry rank of 159 out of 254 based on the ratings given to its competitors.
Several research firms have recently commented on EDRY. Noble Financial reaffirmed a “buy” rating and set a $10.00 target price on shares of EuroDry in a report on Tuesday, May 19th. ValuEngine raised EuroDry from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Zacks Investment Research lowered EuroDry from a “buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Maxim Group reaffirmed a “buy” rating and set a $7.50 target price on shares of EuroDry in a report on Thursday, May 21st.
EuroDry (NASDAQ:EDRY) last released its quarterly earnings results on Monday, May 18th. The company reported ($1.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.47). The business had revenue of $5.07 million during the quarter. EuroDry had a negative return on equity of 3.24% and a negative net margin of 11.85%. Equities research analysts anticipate that EuroDry will post -3.14 earnings per share for the current year.
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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