Ardmore Shipping (NYSE:ASC - Get Free Report) is projected to announce its Q1 2025 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 released its earnings results on Thursday, February 13th. The shipping company reported $0.25 EPS for the quarter, missing analysts' consensus estimates 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 Performance
ASC traded up $0.11 during trading on Friday, reaching $9.81. 390,098 shares of the company's stock were exchanged, compared to its average volume of 709,342. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.24 and a quick ratio of 3.86. Ardmore Shipping has a 1 year low of $8.32 and a 1 year high of $23.44. The company's fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.30. The stock has a market capitalization of $396.86 million, a P/E ratio of 3.21 and a beta of 0.16.
Ardmore Shipping Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 3.26%. Ardmore Shipping's dividend payout ratio (DPR) is presently 10.46%.
Analyst Ratings Changes
A number of research firms have weighed in on ASC. Stifel Nicolaus reduced their price objective on Ardmore Shipping from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Evercore ISI lowered their price objective on Ardmore Shipping from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $17.00 target price on shares of Ardmore Shipping in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.67.
Check Out Our Latest Stock Analysis on Ardmore Shipping
About Ardmore Shipping
(
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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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