EDRY · NASDAQ · Marine Shipping

EuroDry

Operates dry-bulk carriers that move major and minor bulk cargoes worldwide.

$57.15
After-hours close+6.77 (+13.44%)
At close$50.38(+2.11%)
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Profile

EuroDry Ltd.EDRYIndustrials

Owns dry-bulk carriers that transport iron ore, coal, grains and selected minor bulks worldwide. Vessels are deployed across spot, period-charter and pool arrangements, with commercial and technical management provided by affiliated Eurobulk entities.

Moves major bulk cargoes—iron ore, coal and grains—alongside minor bulks including bauxite, phosphate and fertilizers. The business owns and operates dry-bulk carriers for worldwide ocean-going transportation, with a fleet spanning Panamax, Ultramax, Kamsarmax and Supramax vessel classes.

Commercial and technical vessel management is supplied by affiliated Eurobulk entities, while shipboard officers and crew operate aboard the fleet. Vessels are allocated among longer-term time charters, shorter-term time or spot-voyage charters, pool arrangements and contracts of affreightment.

Formed through Euroseas's separation of its dry-bulk subsidiaries, the public company remains tied to an affiliated management network. Operations depend on charter rates, vessel availability and utilization, charter mix, and the affiliated management agreements.

Company facts

CEOAristides J. Pittas
ListedMay 31, 2018
ExchangeNASDAQ
HeadquartersMaroussi, Greece
CountryGreece
Employees252
CIK0001731388
ISINMHY235081079

Key statistics

Market cap$145.6M
EPS (ttm)$3.31
P/E (ttm)15.21
ROE9.9%
P/B1.40
P/S2.34
Dividend yield
Beta0.84vs XLI −0.03

Year to date +293% · Average volume (30d) 141.8K

Analysts

Price target, next 12 months$40.00−20.6%Median of 3 analysts · vs the Aug 28 close
ConsensusBuy3 of 3 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionTarget
Aug 7, 2026Industrial Alliance SecuritiesTarget$40

Earnings

EPS

Estimate$2.10
ReportedDue Nov 12, 2026

Revenue

Estimate$20.0M
ReportedDue Nov 12, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26$1.23$2.44+98.4%$17.9M$17.7M−0.9%+11.43%
May 20, 2026Q1 FY26$0.24$0.12−50.0%$15.6M$12.8M−18.1%+10.48%
Feb 19, 2026Q4 FY25$0.78$0.87+11.5%$17.4M$17.4M−0.3%+9.47%
Nov 13, 2025Q3 FY25−$0.15−$0.23−53.3%$18.1M$14.4M−20.3%−1.36%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$9.2M$11.3M$14.4M$17.4M$12.8M$17.7M
Gross profit−$2.4M$642.9K$2.9M$5.2M$4.0M$10.7M
Operating income−$2.1M−$1.3M$1.1M$3.3M$2.1M$8.8M
Net income−$3.7M−$3.1M−$673.5K$3.2M$256.4K$6.6M
Diluted EPS−$1.35−$1.12−$0.24$1.14$0.09$2.32
Gross margin-25.6%5.7%20.3%29.9%31.3%60.3%
Operating margin-23.3%-11.6%7.4%19.0%16.2%49.8%

Fiscal years (4-quarter sums)FY21 $64.4M · FY22 $70.2M · FY23 $47.6M · FY24 $61.1M · FY25 $52.3M

Revenue by product · FY25

Time Charter Revenue$55.6M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $28.4M · Total debt $97.4M · Total assets $212.5M · Shareholders' equity $100.1M

Dividends

No dividends on record.

Ownership

Institutions 2.79%80.6K sharesInsiders 16.27%470.3K sharesOther 80.94%2.34M shares

Shares outstanding 2.89M · Float 1.32M · 45.6% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Aristeidis P. Pittas · director108.7K3.76%Form 4Aug 27, 2026
Renaissance Technologies LLC60.3K2.09%13FMay 14, 2026
Anastasios Aslidis · director, officer: Chief Financial Officer49.2K1.70%Form 4Mar 17, 2026
Marshall Wace, LLP10.8K0.37%13FMay 15, 2026
Panagiotis Kyriakopoulos · director10.5K0.36%Form 4Mar 18, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 25, 2026Aristeidis P. Pittasdirector−3,200$50.86
Aug 24, 2026Stefania Karmiriofficer: Corporate Secretary−350$45.35
Aug 21, 2026Aristeidis P. Pittasdirector−250$44.56
Aug 21, 2026Symeon Pariarosofficer: Chief Administrative Officer−2,676$45.80
Aug 18, 2026Aristeidis P. Pittasdirector−300$39.50
View details

Peers

CompareAfter-hours close

CompanyPriceChange
EuroDry$57.15+13.44%$145.6M15.28.62.3+56.9%
Star Bulk Carriers$30.48+0.03%$3.40B12.06.82.8+15.0%
Safe Bulkers$8.52−0.06%$867.6M11.014.22.8+33.0%
Genco Shipping & Trading$25.88−0.02%$1.13B28.612.22.6+14.0%
Diana Shipping$2.76−0.90%$343.4M5.78.01.6+4.8%
Pangaea Logistics Solutions$8.06−0.06%$527.2M10.79.40.7+19.4%
Median11.09.42.6+15.0%