Shares of EuroDry Ltd (NASDAQ:EDRY) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $12.25 for the company and are expecting that the company will post ($0.35) EPS for the current quarter, according to Zacks. Zacks has also assigned EuroDry an industry rank of 96 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently issued reports on EDRY shares. Maxim Group reissued a “buy” rating and issued a $11.00 price objective on shares of EuroDry in a report on Thursday, May 23rd. Noble Financial reissued a “buy” rating on shares of EuroDry in a report on Monday, July 29th. Zacks Investment Research lowered shares of EuroDry from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine raised shares of EuroDry from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.
Shares of EuroDry stock traded down $0.39 during trading hours on Monday, reaching $7.10. 4,050 shares of the company’s stock were exchanged, compared to its average volume of 1,446. EuroDry has a 1 year low of $6.15 and a 1 year high of $14.50. The stock has a market capitalization of $16.19 million, a P/E ratio of 29.58 and a beta of -0.95. The firm has a fifty day moving average price of $7.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.60 and a quick ratio of 1.55.
EuroDry (NASDAQ:EDRY) last released its earnings results on Thursday, May 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.48. EuroDry had a net margin of 12.94% and a return on equity of 5.86%. The business had revenue of $5.79 million during the quarter, compared to analyst estimates of $5.92 million. As a group, research analysts anticipate that EuroDry will post -1.75 EPS for the current fiscal year.
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.
Further Reading: Cost of Equity For A Business, Investors
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