Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company's segment relates to the operations of its vessels. The Company's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:ASC
- CUSIP: N/A
- Web: www.ardmoreshipping.com
- Market Cap: $258.53 million
- Outstanding Shares: 33,575,000
- 50 Day Moving Avg: $7.59
- 200 Day Moving Avg: $7.68
- 52 Week Range: $5.00 - $8.75
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.59
- P/E Growth: -5.50
- Annual Revenue: $180.66 million
- Price / Sales: 1.49
- Book Value: $11.93 per share
- Price / Book: 0.67
- EBIDTA: $43.97 million
- Net Margins: -6.92%
- Return on Equity: -2.35%
- Return on Assets: -1.08%
- Debt-to-Equity Ratio: 1.04%
- Current Ratio: 1.66%
- Quick Ratio: 1.53%
- Average Volume: 162,677 shs.
- Beta: 1.35
- Short Ratio: 18.34
Frequently Asked Questions for Ardmore Shipping Corporation (NYSE:ASC)
What is Ardmore Shipping Corporation's stock symbol?
Ardmore Shipping Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."
How will Ardmore Shipping Corporation's stock buyback program work?
Ardmore Shipping Corporation announced that its Board of Directors has initiated a stock buyback program on Friday, September 1st 2017, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
How were Ardmore Shipping Corporation's earnings last quarter?
Ardmore Shipping Corporation (NYSE:ASC) announced its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.06). The firm earned $49.85 million during the quarter, compared to analysts' expectations of $31.73 million. Ardmore Shipping Corporation had a negative net margin of 6.92% and a negative return on equity of 2.35%. The business's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. View Ardmore Shipping Corporation's Earnings History.
When will Ardmore Shipping Corporation make its next earnings announcement?
Where is Ardmore Shipping Corporation's stock going? Where will Ardmore Shipping Corporation's stock price be in 2017?
5 equities research analysts have issued twelve-month target prices for Ardmore Shipping Corporation's shares. Their predictions range from $10.00 to $11.50. On average, they anticipate Ardmore Shipping Corporation's share price to reach $10.50 in the next year. View Analyst Ratings for Ardmore Shipping Corporation.
Who are some of Ardmore Shipping Corporation's key competitors?
Some companies that are related to Ardmore Shipping Corporation include Capital Product Partners L.P. (CPLP), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Navios Maritime Partners LP (NMM), Safe Bulkers (SB), DryShips (DRYS), Hornbeck Offshore Services (HOS), Danaos Corporation (DAC), StealthGas (GASS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA), Diana Containerships (DCIX), Baltic Trading Ltd (BALT) and Hellenic Carriers Limited (HCL).
Who are Ardmore Shipping Corporation's key executives?
Ardmore Shipping Corporation's management team includes the folowing people:
- Reginald L. Jones III, Chairman of the Board
- Anthony Gurnee, President, Chief Executive Officer, Director
- Paul Tivnan, Chief Financial Officer, Treasurer, Secretary
- Mark Cameron, Chief Operating Officer
- Brian Dunne, Director
- Niall McComiskey, Director
- Curtis B. McWilliams, Director
Who owns Ardmore Shipping Corporation stock?
Ardmore Shipping Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include
DONALD SMITH & COMPANY ., INC.
(10.04%), Donald Smith & CO. Inc. (9.99%), FMR LLC (7.96%),
DONALD SMITH & COMPANY ., INC.
(10.05%), Royce & Associates LP (5.10%) and American Century Companies Inc. (4.36%). View Institutional Ownership Trends for Ardmore Shipping Corporation.
Who sold Ardmore Shipping Corporation stock? Who is selling Ardmore Shipping Corporation stock?
Ardmore Shipping Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Boston Partners, Prudential Financial Inc., Wells Fargo & Company MN, UBS Oconnor LLC, Parametric Portfolio Associates LLC, Goldman Sachs Group Inc. and Teachers Advisors LLC. View Insider Buying and Selling for Ardmore Shipping Corporation.
Who bought Ardmore Shipping Corporation stock? Who is buying Ardmore Shipping Corporation stock?
Ardmore Shipping Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Northern Trust Corp, Dimensional Fund Advisors LP, Royce & Associates LP, Private Management Group Inc., Eagle Boston Investment Management Inc., Penn Capital Management Co. Inc., Numeric Investors LLC and State Street Corp. View Insider Buying and Selling for Ardmore Shipping Corporation.
How do I buy Ardmore Shipping Corporation stock?
Shares of Ardmore Shipping Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ardmore Shipping Corporation's stock price today?
MarketBeat Community Rating for Ardmore Shipping Corporation (NYSE ASC)MarketBeat's community ratings are surveys of what our community members think about Ardmore Shipping Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ardmore Shipping Corporation stock can currently be purchased for approximately $8.00.
Consensus Ratings for Ardmore Shipping Corporation (NYSE:ASC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$10.50 (31.25% upside)|
Analysts' Ratings History for Ardmore Shipping Corporation (NYSE:ASC)
(Data available from 9/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/12/2017||Jefferies Group LLC||Reiterated Rating||Buy||$10.00||Medium|
|8/28/2017||Stifel Nicolaus||Set Price Target||Buy||$10.00||Low|
|3/6/2017||ABN Amro||Upgrade||Hold -> Buy||$11.50||N/A|
|10/3/2016||Clarkson Capital||Downgrade||Buy -> Neutral||N/A|
|9/27/2016||Wells Fargo & Company||Reiterated Rating||Buy||N/A|
|8/25/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$8.00||N/A|
|8/16/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|6/15/2016||Deutsche Bank AG||Reiterated Rating||Buy||$11.00||N/A|
|5/4/2016||Seaport Global Securities||Reiterated Rating||Buy||$13.00||N/A|
|11/5/2015||Citigroup Inc.||Upgrade||Accumulate -> Buy||$17.00||N/A|
|10/29/2015||Danske||Boost Price Target||Buy||$15.00 -> $16.00||N/A|
Earnings History for Ardmore Shipping Corporation (NYSE:ASC)Earnings History by Quarter for Ardmore Shipping Corporation (NYSE ASC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2017|| || || || || || || || |
|8/3/2017||6/30/2017||($0.06)||($0.06)||$31.73 million||$49.85 million||View||Listen|
|5/3/2017||3/31/2017||($0.10)||($0.06)||$30.75 million||$49.67 million||View||Listen|
|2/7/2017||Q416||($0.11)||($0.11)||$32.52 million||$43.20 million||View||Listen|
|11/2/2016||Q316||($0.05)||($0.05)||$30.32 million||$38.00 million||View||N/A|
|8/2/2016||Q216||$0.13||$0.18||$32.49 million||$39.70 million||View||N/A|
|5/4/2016||Q116||$0.27||$0.26||$36.46 million||$36.10 million||View||N/A|
|2/3/2016||Q415||$0.25||$0.21||$34.87 million||$41.80 million||View||N/A|
|10/27/2015||Q315||$0.37||$0.52||$36.25 million||$47.20 million||View||Listen|
|5/5/2015||Q115||$0.15||$0.20||$25.18 million||$29.62 million||View||N/A|
|2/3/2015||Q414||$0.06||$0.07||$18.45 million||$22.30 million||View||N/A|
|5/13/2014||Q1 2014||($0.02)||($0.02)||$12.04 million||$12.39 million||View||N/A|
|2/20/2014||Q413||($0.04)||($0.07)||$10.13 million||$9.60 million||View||N/A|
|8/26/2013||Q213||($0.04)||$7.03 million||$8.35 million||View||N/A|
Earnings Estimates for Ardmore Shipping Corporation (NYSE:ASC)
2017 EPS Consensus Estimate: $0.00
2018 EPS Consensus Estimate: $0.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Ardmore Shipping Corporation (NYSE:ASC)
|Most Recent Dividend:||8/31/2016|
|Dividend Growth:||82.30% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Ardmore Shipping Corporation (NYSE ASC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ardmore Shipping Corporation (NYSE:ASC)
Institutional Ownership Percentage: 76.51%Insider Trades by Quarter for Ardmore Shipping Corporation (NYSE:ASC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
Headline Trends for Ardmore Shipping Corporation (NYSE:ASC)
Latest Headlines for Ardmore Shipping Corporation (NYSE:ASC)
Ardmore Shipping Corporation (ASC) Chart for Saturday, September, 23, 2017