Ardmore Shipping (ASC) Set to Announce Quarterly Earnings on Wednesday

Ardmore Shipping (NYSE:ASC - Get Free Report) is set to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Ardmore Shipping (NYSE:ASC - Get Free Report) last released its earnings results on Thursday, February 15th. The shipping company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Ardmore Shipping had a net margin of 29.50% and a return on equity of 22.76%. The company had revenue of $98.80 million for the quarter, compared to analyst estimates of $64.26 million. During the same quarter last year, the firm earned $1.33 EPS. The firm's quarterly revenue was down 25.6% compared to the same quarter last year. On average, analysts expect Ardmore Shipping to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ardmore Shipping Trading Down 0.3 %

Shares of ASC stock traded down $0.05 on Wednesday, hitting $16.70. 354,601 shares of the company's stock traded hands, compared to its average volume of 623,649. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.38 and a current ratio of 3.75. Ardmore Shipping has a one year low of $11.59 and a one year high of $17.17. The company's fifty day simple moving average is $16.24 and its 200 day simple moving average is $15.11. The stock has a market capitalization of $678.32 million, a price-to-earnings ratio of 6.12 and a beta of 0.38.

Ardmore Shipping Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.84 annualized dividend and a yield of 5.03%. This is a boost from Ardmore Shipping's previous quarterly dividend of $0.16. Ardmore Shipping's dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and set a $20.00 price target on shares of Ardmore Shipping in a research report on Thursday, February 15th. StockNews.com cut shares of Ardmore Shipping from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Stifel Nicolaus increased their price target on shares of Ardmore Shipping from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, April 19th.

Ardmore Shipping Company Profile

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.