EuroDry Ltd. Sets Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Source: Globenewswire
Financial Results Announcement: EuroDry Ltd. will release its third quarter financial results for 2024 on November 19, 2024, before the market opens, followed by a conference call at 10:00 a.m. Eastern Time to discuss the results.
Company Overview: EuroDry Ltd., formed in 2018 and trading on NASDAQ under EDRY, operates a fleet of 13 drybulk vessels with a total cargo capacity of 918,502 dwt, managed by affiliated companies Eurobulk Ltd. and Eurobulk (Far East) Ltd. Inc.
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Analyst Views on EDRY
Wall Street analysts forecast EDRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EDRY is 22.50 USD with a low forecast of 20.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.750
Low
20.00
Averages
22.50
High
25.00
Current: 13.750
Low
20.00
Averages
22.50
High
25.00
About EDRY
EuroDry Ltd is a Greece-based company which operates in the dry cargo, dry bulk shipping markets. The Company's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The Company's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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