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The latest announcement is out from EuroDry ( (EDRY) ).
EuroDry reported first-quarter 2026 results on May 20, 2026, posting total net revenues of $12.8 million, up 38.9% year on year, and net income attributable to controlling shareholders of $0.26 million, or $0.09 per share. Adjusted net income reached $0.33 million and adjusted EBITDA rose to $4.9 million, as an average fleet of 11 vessels earned $14,416 per day, while share repurchases under a $10 million plan totaled about $5.6 million for 349,330 shares.
Management highlighted that the quarter reflected seasonally softer market conditions versus late 2025, but noted that drybulk rates strengthened in April and May 2026, which they expect to bolster upcoming results. EuroDry also signed contracts with Hengli Shipbuilding for two 82,000 DWT eco Kamsarmax newbuilds, part of a program that will leave its fleet almost entirely modern eco vessels by 2028, underscoring a disciplined growth strategy as the global fleet ages and secondhand ship prices rise.
The most recent analyst rating on (EDRY) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on EuroDry stock, see the EDRY Stock Forecast page.
Spark’s Take on EDRY Stock
According to Spark, TipRanks’ AI Analyst, EDRY is a Neutral.
The score is mainly held back by mid-range financial performance due to recent losses, volatility, and leverage, despite improving 2025 cash flow. It is supported by inexpensive valuation (low P/E) and a constructive earnings call showing operational momentum and buybacks, while technicals are neutral-to-mildly positive rather than strongly bullish.
To see Spark’s full report on EDRY stock, click here.
More about EuroDry
EuroDry Ltd. is a Greece-based owner and operator of drybulk vessels, providing seaborne transportation services for drybulk cargoes such as grains, coal and ores. Listed on Nasdaq under the ticker EDRY, the company focuses on a fleet of modern, fuel-efficient bulk carriers, positioning itself in the global drybulk shipping market with an emphasis on eco-design vessels.
Average Trading Volume: 33,892
Technical Sentiment Signal: Buy
Current Market Cap: $60.27M
Find detailed analytics on EDRY stock on TipRanks’ Stock Analysis page.