EuroDry Ltd., provides shipping services worldwide. The company is headquartered in Marousi, Greece.
| Revenue (TTM) | $62.27M |
| Gross Profit (TTM) | $34.58M |
| EBITDA | $28.38M |
| Operating Margin | 49.80% |
| Return on Equity | 10.20% |
| Return on Assets | 4.95% |
| Revenue/Share (TTM) | $22.38 |
| Book Value | $34.92 |
| Price-to-Book | 1.02 |
| Price-to-Sales (TTM) | 1.59 |
| EV/Revenue | 2.786 |
| EV/EBITDA | 6.01 |
| Quarterly Earnings Growth (YoY) | -94.30% |
| Quarterly Revenue Growth (YoY) | 57.00% |
| Shares Outstanding | $2.87M |
| Float | 58,110 |
| % Insiders | 51.13% |
| % Institutions | 7.46% |
Volatility is currently contracting
EDRY's Q3 earnings outlook signals strong growth, but rising fuel costs, geopolitical risks and premium valuation make holding the stock a prudent choice.
ATHENS, Greece, Nov. 05, 2026 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release its financial results for the third quarter ended September 30, 2026, on November 11, 2026, before market opens in New York.
EuroDry Ltd. receives a buy rating, driven by improved profitability and a strategic fleet renewal program. EDRY's Q2 net profit surged to $6.59M, primarily from higher charter rates, not fleet expansion. Fleet modernization will increase capacity by nearly 49%, but capital commitments and funding risks remain material.
EuroDry is rerated to Buy with a $55 price target, reflecting resilient coal-driven demand for geared dry bulk carriers. Recent charter rate increases and strong Baltic Supramax index support EDRY's operational performance, despite a recent pullback to $47.59. Management's opportunistic $20M ATM share issuance above NAV demonstrates disciplined capital allocation and potential for future value accretion.
ATHENS, Greece, Oct. 14, 2026 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed a contract with Hengli Shipbuilding (Dalian) for the construction of a third 82,000 DWT Kamsarmax bulk carrier. The vessel will be built to an eco-design specification compliant with EEDI Phase 3 standards and is scheduled to be delivered during the third quarter of 2029. The total consideration for the newbuilding contract is approximately $37.0 million and will be financed with a combination of debt and equity. The contract is conditional upon receiving a refund guarantee from a bank acceptable to the Company.
EuroDry's stronger price gains, rising charter rates and fleet renewal give it the edge over Seanergy Maritime in the shipping-stock matchup.
Here is how EuroDry (EDRY) and Nippon Yusen Kabushiki Kaisha (NPNYY) have performed compared to their sector so far this year.
EDRY, VNCE, NUTX, TXO and KB show strong recent price momentum despite a volatile September, backed by improving earnings expectations.
EuroDry emerges ahead as surging dry-bulk rates, index-linked charters, stronger earnings and fleet expansion reinforce its investment appeal.
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