Head-To-Head Review: EuroDry (NASDAQ:EDRY) versus Performance Shipping (NASDAQ:PSHG)

EuroDry (NASDAQ:EDRY) and Performance Shipping (NASDAQ:PSHG) are both transportation companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, valuation, institutional ownership, risk, profitability, earnings and analyst recommendations.

Profitability

This table compares EuroDry and Performance Shipping’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
EuroDry	-28.64%	-12.65%	-6.21%
Performance Shipping	72.12%	20.92%	17.65%

Risk and Volatility

EuroDry has a beta of 0.95, indicating that its share price is 5% less volatile than the S&P 500. Comparatively, Performance Shipping has a beta of -0.34, indicating that its share price is 134% less volatile than the S&P 500.

Institutional & Insider Ownership

2.4% of EuroDry shares are held by institutional investors. Comparatively, 19.9% of Performance Shipping shares are held by institutional investors. 0.4% of Performance Shipping shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares EuroDry and Performance Shipping”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
EuroDry	$61.08 million	N/A	-$12.61 million	($5.20)	-2.07
Performance Shipping	$87.44 million	0.29	$43.73 million	$1.56	1.29

Performance Shipping has higher revenue and earnings than EuroDry. EuroDry is trading at a lower price-to-earnings ratio than Performance Shipping, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of recent recommendations for EuroDry and Performance Shipping, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
EuroDry	0	2	0	0	2.00
Performance Shipping	0	0	0	0	0.00

Summary

Performance Shipping beats EuroDry on 9 of the 11 factors compared between the two stocks.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

About Performance Shipping

Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2023, its fleet consisted of seven Aframax tanker vessels with a combined carrying capacity of 735,910 DWT. The company was incorporated in 2010 and is based in Athens, Greece.