Is EuroDry (EDRY) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/12/2024
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Should Value Investors Buy EuroDry (EDRY) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/26/2024
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Here's Why Momentum in EuroDry (EDRY) Should Keep going
- EuroDry (EDRY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 01/26/2024
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3 Impressive Shipping Stocks Worth Betting on in 2024
- We believe that investors should invest in shipping stocks like Dorian (LPG), EuroDry (EDRY) and Kirby (KEX).
- 01/04/2024
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EuroDry: Buy On Promising 2024 Dry Bulk Setup And Discounted Valuation
- Similar to peers, shares of small, Greece-based dry bulk shipper EuroDry have been in demand following a recovery in dry bulk charter rates over the past two months. Forward Freight Agreement rates for the historically weak first quarter are surprisingly strong. Q4 results will also benefit from the recent addition of three Ultramax vessels.
- 01/01/2024
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Are Investors Undervaluing EuroDry (EDRY) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/06/2023
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What Makes EuroDry (EDRY) a Good Fit for 'Trend Investing'
- If you are looking for stocks that are well positioned to maintain their recent uptrend, EuroDry (EDRY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 12/01/2023
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Is EuroDry (EDRY) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/15/2023
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EuroDry Ltd. Sets Date for the Release of Third Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece, Nov. 01, 2023 (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, 2023 on November 8, 2023 before market opens in New York.
- 11/01/2023
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EuroDry Ltd. (EDRY) Q2 2023 Earnings Call Transcript
- EuroDry Ltd. (NASDAQ:EDRY ) Q2 2023 Results Conference Call August 8, 2023 10:00 AM ET Corporate Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Kristoffer Skeie - Arctic Securities Operator Ladies and gentlemen, welcome to the EuroDry Conference Call on the Second Quarter 2023 Financial Results.
- 08/08/2023
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EuroDry Ltd. Sets Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece, Aug. 02, 2023 (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 second quarter ended June 30, 2023 on Tuesday, August 8, 2023 before market opens in New York.
- 08/02/2023
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EuroDry Ltd.: Buy On Discounted Valuation, Strong Balance Sheet And Ongoing Share Repurchases
- Despite an approximately 40% decrease in the Baltic Panamax Index since the time of my last update, EuroDry's shares have held up well. Outperformance relative to peers, among other things, likely due to the fact that the company has repurchased approximately 7% of outstanding shares in recent quarters. Last month, the company reported seasonally weak first quarter results but still managed to generate $2.8 million in free cash flow.
- 06/20/2023
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EuroDry Ltd. Sets Date for the Release of First Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece, May 10, 2023 (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 first quarter ended March 31, 2023 on Monday, May 15, 2023 before market opens in New York.
- 05/10/2023
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EuroDry Ltd. (EDRY) Q4 2022 Earnings Call Transcript
- EuroDry Ltd. (NASDAQ:EDRY ) Q4 2022 Earnings Conference Call February 13, 2023 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Anastasios Aslidis - Chief Financial Officer and Treasurer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to EuroDry Conference Call on the Fourth Quarter 2022 Financial Results.
- 02/13/2023
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EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2022 Results, Conference Call and Webcast
- ATHENS, Greece, Feb. 07, 2023 (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 fourth quarter ended December 31, 2022 on Monday, February 13, 2023 before market opens in New York.
- 02/07/2023
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EuroDry Ltd. (EDRY) Q3 2022 Earnings Call Transcript
- EuroDry Ltd. (NASDAQ:EDRY ) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET Company Participants Aristides Pittas - Chairman & CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen.
- 11/11/2022
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EuroDry: Grab Some Shares From The Bargain Bin With Major Catalyst Ahead
- Small, Greece-based dry bulk shipper is trading at an eye-catching discount to net asset value ("NAV"). Market environment has weakened in recent month due to a lack of Chinese demand, recession fears and rapidly easing port congestion.
- 09/20/2022
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EuroDry (EDRY) CEO Aristides Pittas on Q2 2022 Results - Earnings Call Transcript
- EuroDry, Ltd. (NASDAQ:EDRY ) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Aristides Pittas - Chairman & CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the Second Quarter 2022 Financial Results.
- 08/09/2022
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EuroDry: Is The 70% Discount To NAV Justified?
- EuroDry's increased profitability is leading to growth in the value of common equity. With shares plummeting lately, EuroDry is currently trading at a steep discount to its net asset value.
- 07/08/2022
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7 Best Micro-Cap Stocks to Buy in July
- Let's go over some of the best micro-cap stocks to buy in July 2022 including an exploration company and a retailer among others. The post 7 Best Micro-Cap Stocks to Buy in July appeared first on InvestorPlace.
- 07/08/2022
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EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q1 2022 Results - Earnings Call Transcript
- EuroDry Ltd. (NASDAQ:EDRY ) Q1 2022 Earnings Conference Call May 18, 2022 10:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the First Quarter 2021 Financial Results.
- 05/18/2022
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EuroDry Ltd. Sets Date for the Release of First Quarter 2022 Results, Conference Call and Webcast
- ATHENS, Greece, May 16, 2022 (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 first quarter ended March 31, 2022 on Wednesday, May 18, 2022 before market opens in New York.
- 05/16/2022
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Bet on 4 Prospective Shipping Stocks in a Promising Industry
- Investors interested in the Zacks Transportation --Shipping industry should consider adding stocks like Golar LNG (GLNG), Global Ship Lease (GSL), Eagle Bulk Shipping (EGLE) and EuroDry (EDRY) to their portfolios for higher returns.
- 04/29/2022
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Shipping stocks in crosshairs as fears mount on China, war, inflation
- Shipping stocks fell sharply on Monday as Wall Street's main indexes closed higher. Multiple shipping names sank by double digits, adding to last week's pullback.
- 04/25/2022
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EuroDry (EDRY) Moves 5.5% Higher: Will This Strength Last?
- EuroDry (EDRY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 04/21/2022
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Is EuroDry (EDRY) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/20/2022
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EuroDry (EDRY) Moves 13.6% Higher: Will This Strength Last?
- EuroDry (EDRY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 04/05/2022
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EuroDry: Good Value, Decent Prospects But No Dividends
- Small, Greece-based dry bulk shipper is trading at a substantial discount to net asset value. Discount likely due to the ongoing lack of dividends and share buybacks as management remains focused on renewing and growing the company's fleet. Outlook for the dry bulk shipping industry remains positive due to limited fleet growth and expectations for a recovery in Chinese demand.
- 03/04/2022
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EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q4 2021 Results - Earnings Call Transcript
- EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q4 2021 Results - Earnings Call Transcript
- 02/11/2022
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EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece, Feb. 04, 2022 (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 fourth quarter ended December 31, 2021 on Wednesday, February 9, 2022 after market closes in New York.
- 02/04/2022
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EuroDry To Acquire M/V Molyvos Luck Vessel For $21.2M
- EuroDry Ltd (NASDAQ: EDRY) has agreed to acquire M/V Molyvos Luck, a drybulk vessel built-in 2014, for $21.2 million. The vessel was majority-owned by an unaffiliated third party and managed by Eurobulk Ltd.
- 01/19/2022
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EuroDry: Undervalued And Well Positioned For 2022 Dividend Initiation
- EuroDry is making money hand-over-fist and is expected to do so for several years. Currency swaps/derivatives and the recent decline in dry bulk spot rates weigh on the company.
- 01/13/2022
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Shipping on Wall Street: Is it better to be a pure play or jack of all trades?
- Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The answer is important: It affects how attractive a shipping stock is to investors, and in the case of extreme rate troughs, it affects the chances a public company can avoid restructuring or insolvency.
- 12/12/2021
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EuroDry (EDRY) Sees Hammer Chart Pattern: Time to Buy?
- EuroDry (EDRY) has been struggling lately, but the selling pressure may be coming to an end soon.
- 11/29/2021
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EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q3 2021 Results - Earnings Call Transcript
- EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q3 2021 Results - Earnings Call Transcript
- 11/16/2021
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Earnings Preview For EuroDry
- EuroDry (NASDAQ:EDRY) is set to give its latest quarterly earnings report on Wednesday, 2021-11-10. Here's what investors need to know before the announcement.
- 11/09/2021
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EuroDry Ltd. Sets Date for the Release of Third Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece, Nov. 05, 2021 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it will release its financial results for the third quarter ended September 30, 2021 on Wednesday, November 10, 2021 after market closes in New York.
- 11/05/2021
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EuroDry (EDRY) Earnings Expected to Grow: What to Know Ahead of Q3 Release
- EuroDry (EDRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/03/2021
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What Transportation Earnings Tell Us About the Supply Chain
- Supply chain issues are pretty much as bad as we had expected, but that makes transportation stocks attractive right now.
- 10/29/2021
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EURODRY (EDRY) Upgraded to Strong Buy: What Does It Mean for the Stock?
- EURODRY (EDRY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 10/15/2021
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EURODRY LTD (EDRY) Moves 10.4% Higher: Will This Strength Last?
- EURODRY LTD (EDRY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 09/17/2021
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EuroDry: Forgotten And Undervalued
- EuroDry: Forgotten And Undervalued
- 09/05/2021
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EuroDry To Acquire M/V Ruby Asia II Vessel For $24.5M
- EuroDry Ltd. (NASDAQ:EDRY) has agreed to acquire M/V Asia Ruby II, a 62,996 dwt drybulk vessel built-in 2014, for $24.5 million.
- 08/23/2021
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EuroDry Ltd. Announces Agreement to Acquire M/V Ruby Asia II, a 2014- Built Ultramax Bulker
- ATHENS, Greece , Aug. 23, 2021 (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 agreed to acquire M/V Asia Ruby II, a 62,996 dwt drybulk vessel built in 2014, for $24.5 million. The vessel is expected to be delivered to the Company within late September / early October 2021 and will be renamed M/V Good Heart. The acquisition will be financed by own funds and a bank loan.
- 08/23/2021
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EuroDry's (EDRY) CEO Aristides Pittas on Q2 2021 Results - Earnings Call Transcript
- EuroDry's (EDRY) CEO Aristides Pittas on Q2 2021 Results - Earnings Call Transcript
- 08/07/2021
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EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2021
- ATHENS, Greece, Aug. 04, 2021 (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 its results for the three and six month periods ended June 30, 2021.
- 08/04/2021
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EuroDry Ltd. Sets Date for the Release of Second Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece, July 29, 2021 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it will release its financial results for the second quarter ended June 30, 2021 on Wednesday, August 4, 2021 after market closes in New York.
- 07/29/2021
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5 Low-Beta Stocks to Quell Fears of a Choppy Market
- A portfolio of low-beta stocks helps investors navigate through choppy market conditions. Thus, Rocky Brands (RCKY), Dollar (DG), Tyler (TYL), Sturm, Ruger & Company (RGR) & EuroDry (EDRY) are poised to gain.
- 07/06/2021
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Top Ranked Momentum Stocks to Buy for June 28th
- Top Ranked Momentum Stocks to Buy for June 28th
- 06/28/2021
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Buy These 5 Low-Beta Stocks to Combat the Choppy Market
- It is imperative to build a portfolio of low-beta stocks to sail through the choppy market. JJSF, RCKY, VSTO, RGR & EDRY are the frontrunners.
- 06/21/2021
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Buy These 5 Low-Beta Stocks to Brave the Choppy Market
- It is imperative to build a portfolio of low-beta stocks to sail through the choppy market. JJSF, RGR, VSTO, CAJ & EDRY are well poised to combat a volatile market.
- 06/04/2021
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EURODRY LTD (EDRY) Surges 25.5%: Is This an Indication of Further Gains?
- EURODRY LTD (EDRY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 06/03/2021
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Top Ranked Momentum Stocks to Buy for May 26th
- Top Ranked Momentum Stocks to Buy for May 26th
- 05/26/2021
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EuroDry' (EDRY) CEO Aristides Pittas on Q1 2021 Results - Earnings Call Transcript
- EuroDry' (EDRY) CEO Aristides Pittas on Q1 2021 Results - Earnings Call Transcript
- 05/21/2021
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EURODRY LTD (EDRY) Beats Q1 Earnings and Revenue Estimates
- EURODRY LTD (EDRY) delivered earnings and revenue surprises of 41.03% and 12.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/20/2021
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Recap: EuroDry Q1 Earnings
- Shares of EuroDry (NASDAQ:EDRY) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share rose 160.44% over the past year to $0.55, which beat the estimate of $0.27.
- 05/20/2021
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EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2021 and Announces Agreement to Acquire M/V Blessed Luck, a 2004-Japanese Built Panamax Bulker
- ATHENS, Greece, May 20, 2021 (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 its results for the three-month period ended March 31, 2021 and an agreement to acquire M/V Blessed Luck, a 76,704 dwt drybulk vessel built in Japan.
- 05/20/2021
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EuroDry Earnings Preview
- EuroDry (NASDAQ:EDRY) will be releasing its next round of earnings this Thursday, May 20. For all of the relevant information, here is your guide for Thursday's Q1 earnings announcement.
- 05/19/2021
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EuroDry Ltd. Sets Date for the Release of First Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece, May 18, 2021 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it will release its financial results for the first quarter ended March 31, 2021 on Thursday, May 20, 2021 before market opens in New York.
- 05/18/2021
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EURODRY LTD (EDRY) to Report Q1 Results: Wall Street Expects Earnings Growth
- EURODRY LTD (EDRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/10/2021
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Which shipping stocks rose the most in wake of COVID pandemic?
- The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks — with the glaring exception of tanker equities — have followed suit.
- 05/02/2021
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Is EURODRY LTD (EDRY) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/08/2021
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EuroDry Ltd. to Participate in M-Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference
- ATHENS, Greece, March 15, 2021 (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 Dr. Tasos Aslidis, Chief Financial Officer of the Company has been invited to present at the Inaugural Emerging Growth Virtual Conference, presented by M-Vest LLC and Maxim Group LLC. The conference will take place during March 17-19, 2021 from 9:00 am 5:00 pm EDT featuring roundtable discussions with C-suite executives moderated by Maxim Research Analysts, fireside chats with live Q&A, and presentations from hundreds of issuers both domestically and internationally. Dr. Aslidis will also participate in a panel discussion with shipping company executives on March 18, 2021 at 10:00 am EDT. The Company presentation and the live panel discussion can be accessed via the conference web link below.
- 03/15/2021
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Is EURODRY LTD (EDRY) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/03/2021
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EuroDry Ltd (EDRY) CEO Aristides Pittas on Q4 2020 Results - Earnings Call Transcript
- EuroDry Ltd (EDRY) CEO Aristides Pittas on Q4 2020 Results - Earnings Call Transcript
- 02/17/2021
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EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2020
- ATHENS, Greece, Feb. 16, 2021 (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 its results for the three- and twelve-month periods ended December 31, 2020.
- 02/16/2021
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Analysts Estimate EURODRY LTD (EDRY) to Report a Decline in Earnings: What to Look Out for
- EURODRY LTD (EDRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2021
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EuroDry Ltd. to Present at NobleCon 17 Investor Conference
- ATHENS, Greece, Jan. 19, 2021 (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 Tasos Aslidis, Chief Financial Officer will present at Noble Capital Markets' Seventeen Annual Investor Virtual Conference on Wednesday, January 20th at 3:00 pm EST.
- 01/19/2021
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Are Investors Undervaluing EURODRY LTD (EDRY) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/31/2020
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Should Value Investors Buy EURODRY LTD (EDRY) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/15/2020
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EuroDry Ltd (EDRY) CEO Aristides Pittas on Q3 2020 Results - Earnings Call Transcript
- EuroDry Ltd (EDRY) CEO Aristides Pittas on Q3 2020 Results - Earnings Call Transcript
- 11/14/2020
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EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2020
- ATHENS, Greece, Nov. 11, 2020 (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 its results for the three and nine-month periods ended September 30, 2020.
- 11/11/2020
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EuroDry Ltd. Sets Date for the Release of Third Quarter 2020 Results Conference Call and Webcast
- ATHENS, Greece, Nov. 09, 2020 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it will release its financial results for the third quarter ended September 30, 2020 on Wednesday, November 11, 2020 after market closes in New York.
- 11/09/2020
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EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2020
- ATHENS, Greece, Aug. 06, 2020 (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 its results for the three and six month periods ended June 30, 2020. Second Quarter 2020 Highlights: * Total net revenues of $4.0 million. Net loss of $3.8 million; net loss attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $4.2 million or $1.86 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $3.9 million or $1.73 loss per share basic and diluted. * Adjusted EBITDA1 was $(1.3) million. * An average of 7.0 vessels were owned and operated during the second quarter of 2020 earning an average time charter equivalent rate of $7,297 per day. * The Company declared a dividend of $0.4 million on its Series B Preferred Shares. The dividend will be paid in-kind by issuing additional Series B Preferred Shares.First Half 2020 Highlights: * Total net revenues of $9.1 million. Net loss of $6.1 million; net loss attributable to common shareholders (after a $0.7 million dividend on Series B Preferred Shares) of $6.9 million or $3.03 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $6.2 million or $2.76 loss per share basic and diluted. * Adjusted EBITDA1 was $(1.0) million. * An average of 7.0 vessels were owned and operated during the first half of 2020 earning an average time charter equivalent rate of $7,390 per day.Aristides Pittas, Chairman and CEO of EuroDry commented: “During the second quarter of 2020, the drybulk market experienced the effects of the COVID-19 pandemic and lockdown of the main economies resulting in decreased cargo volumes transported and significant declines in charter rates. These developments put pressure on our cash flow, which combined with the offhire time of one of our vessels to undergo its fourth special survey led to us posting our worst quarterly results since the Company’s spin-off. During the second half of June, the market started recovering – in line with the reopening of the major economies- with rates returning to the levels seen at the beginning of the year; therefore, we expect a reversal of fortunes in the third quarter if such trends continue.“We believe, however, that there is significant uncertainty remaining about COVID-19 related developments in the world economies and the continuing trade tensions between U.S. and China which affect the drybulk markets. In addition, port lockdowns have affected our ability to change crew on board our vessels. We have taken relevant measures to ensure our crew members’ and shore employees’ health and safety, despite the ongoing hurdles and travel restrictions imposed by lockdowns around the world. Thus, our strategy is to ensure that we mitigate and address the risks of COVID-19 and have sufficient liquidity to deal with the possibility of renewed market weakness. In the midst of these unprecedented developments, we remain optimistic about the post-pandemic and medium term prospects of drybulk shipping as the fleet orderbook is the lowest in more than 20 years which should result in limited fleet growth when the above-said pandemic-driven uncertainty recedes.“As always, we continue to seek and evaluate opportunities and options to renew or expand our fleet exploring also merger possibilities with other fleets in accretive transactions.”Tasos Aslidis, Chief Financial Officer of EuroDry commented: “The net revenues of the second quarter of 2020 decreased compared to the second quarter of 2019 as a result of the time charter equivalent rates our vessels earned during the quarter which were lower by 32.0% compared to the average time charter equivalent rates our vessels earned in the second quarter of 2019. The significantly lower rates compared to the same period of last year are a result of the dramatic effects on the global economy and seaborne trade of the COVID-19 pandemic. As part of our efforts to ensure sufficient liquidity, we have agreed or are in the process of discussing with some of our lenders to defer a number of loan repayments due in 2020 to later periods or to the end of the respective facilities. At the same time, we have agreed with our preferred shareholders to introduce the option from April 1, 2020 to January 29, 2021 for the Company to pay the preferred dividend in-kind by issuing new preferred shares. If paid in-kind, the preferred dividend would be at an annual rate of 10.25%, 1% higher than if it is paid in cash.Total daily vessel operating expenses, including management fees, general and administrative expenses but excluding drydocking costs, averaged $6,131 per vessel per day during the second quarter of 2020 as compared to $5,948 per vessel per day for the same quarter of last year, and $6,093 per vessel per day for the first half of 2020 as compared to $5,898 per vessel per day for the same period of 2019. This increase is mainly due to increased supply of stores and spare parts for our vessels in 2020 compared to 2019. Adjusted EBITDA during the second quarter of 2020 was $(1.3) million versus $1.8 million in the second quarter of last year. As of June 30, 2020, our outstanding debt (excluding the unamortized loan fees) was $53.4 million, while unrestricted and restricted cash was $4.4 million. As of the same date, our scheduled debt repayments over the next 12 months amounted to about $5.4 million (excluding the unamortized loan fees) and all our loan covenants are satisfied.”_________________________1Adjusted EBITDA, Adjusted net income/(loss) and Adjusted earnings/(loss) per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for EuroDry’s financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP.Second Quarter 2020 Results: For the second quarter of 2020, the Company reported total net revenues of $4.0 million representing a 35.1% decrease over total net revenues of $6.2 million during the second quarter of 2019 which was the result of the lower time charter rates our vessels earned during the second quarter of 2020 compared to the same period of 2019. The Company reported net loss for the period of $3.8 million and net loss attributable to common shareholders of $4.2 million, as compared to net loss and net loss attributable to common shareholders of $1.8 million and $2.6 million respectively, for the same period of 2019. The results for the second quarter of 2020 include an unrealized loss of $0.2 million on three interest rate swap contracts and an unrealized loss of $0.1 million on forward freight agreement (“FFA”) contracts as compared to an unrealized loss of $0.2 million on an interest rate swap contract and an unrealized loss of $0.9 million on FFA contracts during the second quarter of 2019. Depreciation expenses for the second quarter of 2020 amounted to $1.6 million remaining unchanged compared to the same period of 2019. General and administrative expenses amounting to $0.6 million, remained at the same level compared to the second quarter of 2019. During the second quarter of 2020, two of our vessels completed their special survey for a total cost of $1.5 million, one of which had commenced during the first quarter of 2020.Interest and other financing costs for the second quarter of 2020 amounted to $0.6 million compared to $0.9 million for the same period of 2019. Interest during the second quarter of 2020 was lower due to the lower average outstanding debt and the decreased Libor rates of our loans during the period as compared to the same period of last year. For the three months ended June 30, 2020, the Company recognized a $0.2 million loss on three interest rate swaps and a $0.1 million unrealized loss on FFA contracts entered into during the second quarter of 2020 as compared to a loss on derivatives of $0.6 million for the same period of 2019, comprising of a $0.4 million loss on FFA contracts and a $0.2 million loss on one interest rate swap.On average, 7.0 vessels were owned and operated during the second quarter of 2020 earning an average time charter equivalent rate of $7,297 per day compared to 7.0 vessels in the same period of 2019 earning on average $10,724 per day. Adjusted EBITDA for the second quarter of 2020 was $(1.3) million compared to $1.8 million achieved during the second quarter of 2019.Basic and diluted loss per share attributable to common shareholders for the second quarter of 2020 was $1.86 calculated on 2,267,375 basic and diluted weighted average number of shares outstanding, compared to basic and diluted loss per share of $1.14 for the second quarter of 2019, calculated on 2,244,803 basic and diluted weighted average number of shares outstanding. Excluding the effect on the loss attributable to common shareholders for the quarter of the unrealized loss on derivatives, the adjusted loss attributable to common shareholders for the quarter ended June 30, 2020 would have been $1.73 per share basic and diluted compared to an adjusted loss of $0.65 per share basic and diluted for the quarter ended June 30, 2019. Usually, security analysts do not include the above item in their published estimates of earnings per share. First Half 2020 Results: For the first half of 2020, the Company reported total net revenues of $9.1 million representing an 24.1% decrease over total net revenues of $12.
- 08/06/2020
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EuroDry Ltd. Sets Date for the Release of Second Quarter 2020 Results, Conference Call and Webcast
- ATHENS, Greece, July 30, 2020 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it will release its financial results for the second quarter ended June 30, 2020 on Thursday, August 6, 2020 before market opens in New York. On the same day at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results.Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (877) 553-9962 (US Toll Free Dial In), 0(808) 238- 0669 (UK Toll Free Dial In) or +44(0) 2071 928592 (Standard International Dial In). Please quote "EuroDry" to the operator.A telephonic replay of the conference call will be available until Thursday, August 13, 2020 by dialing 1(866) 331-1332 (US Toll Free Dial In), 0(808) 238-0667 (UK Toll Free Dial In) or +44 (0) 3333 009785 (Standard International Dial In) and the access code required for the replay is: 2489743.Audio Webcast - Slides Presentation:There will be a live and then archived audio webcast of the conference call, via the internet through the EuroDry website (www.eurodry.gr). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.The slide presentation on the second quarter ended June 30, 2020 will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.eurodry.gr) on the webcast page. Participants to the webcast can download the PDF presentation.About EuroDry Ltd. EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands and trades on the NASDAQ Capital Market under the ticker EDRY. EuroDry operates in the dry cargo, drybulk shipping markets. EuroDry’s operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified 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 employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of 7 vessels, including 4 Panamax drybulk carriers, 1 Ultramax drybulk carrier and 2 Kamsarmax drybulk carriers. EuroDry’s 7 drybulk carriers have a total cargo capacity of 528,931 dwt.Visit the Company’s website www.eurodry.grCompany Contact Tasos Aslidis Chief Financial Officer EuroDry Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel. (908) 301-9091 E-mail: aha@eurodry.grInvestor Relations / Financial Media Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: eurodry@capitallink.com
- 07/30/2020
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Analysts Have Lowered Expectations For EuroDry Ltd. (NASDAQ:EDRY) After Its Latest Results
- EuroDry Ltd. (NASDAQ:EDRY) just released its latest quarterly report and things are not looking great. Statutory...
- 05/21/2020
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EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2020
- MAROUSSI, ATHENS, Greece, May 18, 2020 -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne.
- 05/18/2020
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EuroDry Ltd. Sets Date for the Release of First Quarter 2020 Results, Conference Call and Webcast
- MAROUSSI, ATHENS, Greece, May 13, 2020 -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for.
- 05/13/2020
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Baltic Dry Index rises as Chinese port activity picks up
- The Baltic Dry Index rose 1.86% to 549 points in London to make it 13 straight days of incremental gains for the measure of dry bulking shipping rates with port activity in China improving from a nea
- 03/03/2020
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Baltic Dry Index continues slow recovery
- The Baltic Dry Index rose 3.23% to 480 points in London to record a fifth straight day of gains for the measure of dry bulking shipping rates. The Baltic Dry Index bottomed out at 411 on February 10.
- 02/20/2020
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Is EURODRY LTD (EDRY) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/14/2020
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EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2019
- MAROUSSI, ATHENS, Greece, Feb. 12, 2020 -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne.
- 02/12/2020
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Eurodry Ltd. to Present at NobleCon 16 Investor Conference
- 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 Tasos Aslidis, Chief Financial Officer will present at Noble Capital Markets’ Sixteenth Annual Investor Conference on Monday, February 17, 2020 at the Hard Rock Hotel & Casino, Hollywood, Florida - 12:30pm EST in the Terrace Ballroom D. A high-definition, video webcast of the presentation will be available the following day on the Company's website: www.eurodry.gr, and as part of a complete catalog of presentations available at Noble Capital Markets’ Conference website: www.nobleconference.com and on Channelchek: www.channelchek.com the investor portal created by Noble.
- 02/12/2020
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EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2019 Results, Conference Call and Webcast
- MAROUSSI, ATHENS, Greece, Feb. 07, 2020 -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for.
- 02/07/2020
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Dry bulk freight rates at three-year low - S&P Global Platts
- Time charter equivalent rates for capesize, panamax and supramax vessels were much lower in the first week of 2020 than the rates registered during the same period over the past three years, according
- 01/13/2020
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Greek Minister of Shipping and Senior Executives of Shipping Companies Join Capital Link’s Annual Global Shipping Markets Roundtable
- NEW YORK, Dec. 02, 2019 -- The Minister of Shipping of the Hellenic Republic and Senior Executives of listed Shipping Companies will participate in Capital Link’s Annual Global.
- 12/02/2019
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EURODRY LTD (EDRY) Upgraded to Strong Buy: What Does It Mean for the Stock?
- EURODRY LTD (EDRY) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 11/22/2019
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EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2019
- MAROUSSI, ATHENS, Greece, Nov. 14, 2019 -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne.
- 11/14/2019
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EuroDry Ltd. Sets Date for the Release of Third Quarter 2019 Results, Conference Call and Webcast
- MAROUSSI, ATHENS, Greece, Nov. 11, 2019 -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for.
- 11/11/2019
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Is EuroDry (NASDAQ:EDRY) Using Too Much Debt?
- Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- 09/27/2019
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EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2019
- ATHENS, Greece, Aug. 08, 2019 -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for.
- 08/08/2019
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EuroDry Ltd. Sets Date for the Release of Second Quarter 2019 Results, Conference Call and Webcast
- MAROUSSI, ATHENS, Greece, Aug. 05, 2019 -- EuroDry Ltd. (NASDAQ: EDRY) (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for.
- 08/05/2019
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Earnings Preview: EURODRY LTD (EDRY) Q2 Earnings Expected to Decline
- EURODRY LTD (EDRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/01/2019
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Can You Imagine How EuroDry's (NASDAQ:EDRY) Shareholders Feel About The 10% Share Price Increase?
- Passive investing in index funds can generate returns that roughly match the overall market. But one can do better...
- 07/29/2019
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EuroDry Ltd. Announces Partial Redemption of its Preferred Shares and Reduction of Their Dividend Rate until 2021
- 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 agreed to redeem approximately $4.3 million of its Series B Preferred Shares with a simultaneous reduction of the dividend rate for the remaining outstanding shares. In parallel with the redemption, the holders of the remaining Series B Preferred Shares agreed to reduce the annual dividend of the shares to 9.25% until January 2021. Aristides Pittas, Chairman and CEO of Euroseas commented: “We are very pleased to announce the repayment of $4.3 million of face value of our preferred shares outstanding and, equally importantly, the agreement to reduce the dividend rate of the remaining outstanding shares from 12% to 9.25% for the next 18 months.
- 06/18/2019
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