EuroDry (NASDAQ:EDRY – Get Rating) is scheduled to be announcing its earnings results after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $3.60 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
EuroDry (NASDAQ:EDRY – Get Rating) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $3.30 EPS for the quarter, missing the consensus estimate of $3.40 by ($0.10). The company had revenue of $18.28 million during the quarter, compared to analysts’ expectations of $19.52 million. EuroDry had a net margin of 55.00% and a return on equity of 57.64%.
EuroDry Stock Performance
Shares of EuroDry stock opened at $16.22 on Friday. The firm has a market capitalization of $48.40 million, a P/E ratio of 1.14 and a beta of 0.39. EuroDry has a 52 week low of $15.19 and a 52 week high of $44.99. The company has a quick ratio of 0.96, a current ratio of 1.06 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $19.62 and its two-hundred day moving average is $25.76.
Analyst Upgrades and Downgrades
Hedge Funds Weigh In On EuroDry
An institutional investor recently raised its position in EuroDry stock. UBS Group AG lifted its position in shares of EuroDry Ltd. (NASDAQ:EDRY – Get Rating) by 340.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,296 shares of the company’s stock after buying an additional 4,867 shares during the quarter. UBS Group AG owned approximately 0.22% of EuroDry worth $213,000 at the end of the most recent quarter. 11.93% of the stock is owned by hedge funds and other institutional investors.
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.
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