EDRY · NASDAQ · Marine Shipping

EuroDry (EDRY)

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

$58.36
vs last close−9.61 (−14.13%)
Loading prices…

EuroDry Ltd.EDRY
Industrials

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

Market cap$196.5M
EPS (ttm)$3.31
P/E (ttm)20.52
ROE9.9%
P/B1.96
P/S3.16
Dividend yieldDiv yield
Beta0.72vs XLI −0.07

Price target$40.00−41.2%Average of 3 analysts
ConsensusBuy3 of 3 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 7, 2026Industrial Alliance SecuritiesTarget
Target:
Target: $40

Next report
Nov 12, 26
in 51 days
EPS estimate
$2.10
Revenue estimate
$20.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jun '25Aug '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$2.07−$1.10−$1.10−$0.23$0.87$0.12$2.44Pending
Estimate−$1.84−$1.23−$1.23−$0.15$0.78$0.24$1.23$2.10
Surprise−12.5%+10.6%+10.6%−53.3%+11.5%−50.0%+98.4%

RevenueReportedEstimate

Jun '25Aug '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$9.2M$9.2M$11.3M$14.4M$17.4M$12.8M$17.7MPending
Estimate$12.3M$10.4M$10.7M$18.1M$17.4M$15.6M$17.9M$20.0M
Surprise−25.2%−11.8%+5.1%−20.3%−0.3%−18.1%−0.9%
Estimate$2.10
ReportedDue Nov 12, 2026
Estimate$20.0M
ReportedDue Nov 12, 2026
View details

Debt to equity97.30%
Current ratio127.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$14.7M$14.5M$9.2M$11.3M$14.4M$17.4M$12.8M$17.7M
Net income−$4.2M−$3.3M−$3.7M−$3.1M−$673.5K$3.2M$256.4K$6.6M
Net margin0.0%0.0%0.0%0.0%0.0%18.3%2.0%37.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.0M−$1.5M−$2.1M−$1.3M$1.1M$3.3M$2.1M$8.8M
YoY growthTurned lossTurned lossLoss widenedTurned lossTurned profitTurned profitTurned profitTurned profit

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

Revenue
$17.7M
Operating income
$8.8M
Net income
$6.6M
View details

No dividends on record.

Institutions5.31%153.6K ADS
13 holders · as of Jun 30, 2026
Insiders22.43%648.3K ADS
9 holders · as of Aug 27, 2026
Strategic holders3.95%114.2K ADS
1 holder · as of Jun 23, 2022
Other68.31%1.97M ADS
remainder

2.89M ADS as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Aristeidis J. PittasInsiderdirector, officer: Chief Executive Officer
9.82%283,778 ordinaryfiled Mar 18, 2026
and Stanley BrennerInsider
6.16%177,986filed Oct 22, 2018
BlackRock, Inc. (TIN: 23-0174431)Strategic
3.95%114,184filed Jun 23, 2022
Aristeidis P. PittasInsiderdirector
3.76%108,683 ordinaryfiled Aug 27, 2026
Renaissance Technologies LLCInstitution
2.71%78,464 ADSas of Jun 30, 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

Compare

CompanyPriceChange
EuroDry$58.36−14.13%$196.5M20.59.93.2+56.9%
Star Bulk Carriers$30.85−2.79%$3.54B12.47.22.9+61.6%
Safe Bulkers$8.53−3.89%$903.2M11.412.42.9+33.0%
Genco Shipping & Trading$27.00−2.98%$1.21B30.711.52.8+14.0%
Diana Shipping$2.89−2.69%$366.9M6.16.11.7+4.8%
Pangaea Logistics Solutions$8.31−2.52%$557.3M11.49.70.8+19.4%
Median11.49.72.8+19.4%