Ardmore Shipping (ASC) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASC shares.
View ASC analyst ratings or view top-rated stocks.

2 brokerages have issued twelve-month price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $18.00 to $19.00. On average, they anticipate the company's stock price to reach $18.50 in the next year. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for ASC or view top-rated stocks among Wall Street analysts.

Ardmore Shipping's stock was trading at $14.41 at the start of the year. Since then, ASC shares have decreased by 10.7% and is now trading at $12.87.
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Ardmore Shipping saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,480,000 shares, an increase of 15.6% from the August 15th total of 1,280,000 shares. Based on an average trading volume of 618,900 shares, the days-to-cover ratio is presently 2.4 days.
View Ardmore Shipping's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ASC earnings forecast.

Ardmore Shipping Co. (NYSE:ASC) posted its quarterly earnings data on Tuesday, August, 1st. The shipping company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The shipping company earned $60.40 million during the quarter, compared to analyst estimates of $61.89 million. Ardmore Shipping had a trailing twelve-month return on equity of 39.47% and a net margin of 37.98%.

Ardmore Shipping announced a quarterly dividend on Tuesday, August 1st. Investors of record on Thursday, August 31st will be paid a dividend of $0.19 per share on Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for ASC.

ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS).SonicShares Global Shipping ETF (BOAT).

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.76 per share and currently has a dividend yield of 5.95%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 36.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASC.

415 employees have rated Ardmore Shipping Chief Executive Officer Nick Beighton on Glassdoor.com. Nick Beighton has an approval rating of 55% among the company's employees. This puts Nick Beighton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC), Energy Transfer (ET), Advanced Micro Devices (AMD), Zynga (ZNGA) and Bank of America (BAC).

Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."

Ardmore Shipping's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.03%), Dimensional Fund Advisors LP (6.23%), Aristotle Capital Boston LLC (4.76%), Goldman Sachs Group Inc. (2.54%), State Street Corp (1.63%) and Royce & Associates LP (1.62%).
View institutional ownership trends.

Shares of ASC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASC stock can currently be purchased for approximately $12.87.

Ardmore Shipping (NYSE:ASC) has a market capitalization of $548.91 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $4.41 on an earnings per share basis.

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The official website for the company is ardmoreshipping.com. The shipping company can be reached via phone at (441) 405-7800 or via email at lberman@igbir.com.