Ardmore Shipping (NYSE:ASC - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $43.04 million for the quarter.
Ardmore Shipping (NYSE:ASC - Get Free Report) last announced its earnings results on Thursday, February 13th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.08). Ardmore Shipping had a return on equity of 20.48% and a net margin of 32.78%. On average, analysts expect Ardmore Shipping to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Ardmore Shipping Stock Up 2.4 %
Shares of NYSE ASC traded up $0.24 during mid-day trading on Monday, hitting $10.05. 254,731 shares of the stock traded hands, compared to its average volume of 708,651. The stock has a fifty day moving average price of $9.51 and a 200-day moving average price of $11.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.86 and a current ratio of 4.24. The company has a market cap of $406.57 million, a price-to-earnings ratio of 3.29 and a beta of -0.02. Ardmore Shipping has a 52 week low of $8.32 and a 52 week high of $23.44.
Ardmore Shipping Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, February 28th. Ardmore Shipping's dividend payout ratio (DPR) is presently 10.46%.
Wall Street Analyst Weigh In
ASC has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Ardmore Shipping from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group reissued a "buy" rating and issued a $17.00 price target on shares of Ardmore Shipping in a research report on Thursday, February 13th. Finally, Evercore ISI cut their price target on Ardmore Shipping from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Ardmore Shipping currently has a consensus rating of "Hold" and an average price target of $13.67.
View Our Latest Stock Report on ASC
Ardmore Shipping Company Profile
(
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Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.
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