Ardmore Shipping Corp Company Profile (NYSE:ASC)

About Ardmore Shipping Corp (NYSE:ASC)

Ardmore Shipping Corp logoArdmore 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: Shipping
  • Sub-Industry: N/A
  • Symbol: NYSE:ASC
  • CUSIP: N/A
  • Web: www.ardmoreshipping.com
Capitalization:
  • Market Cap: $261.89 million
  • Outstanding Shares: 33,575,000
Average Prices:
  • 50 Day Moving Avg: $7.73
  • 200 Day Moving Avg: $7.24
  • 52 Week Range: $5.00 - $9.93
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.26
  • P/E Growth: -79.500
Sales & Book Value:
  • Annual Revenue: $170.53 million
  • Price / Sales: 1.54
  • Book Value: $11.98 per share
  • Price / Book: 0.65
Dividend:
  • Annual Dividend: $0.27
  • Dividend Yield: 9.2%
Profitability:
  • EBIDTA: $47.88 million
  • Net Margins: 2.28%
  • Return on Equity: 1.64%
  • Return on Assets: 0.78%
Debt:
  • Debt-to-Equity Ratio: 1.04%
  • Current Ratio: 1.59%
  • Quick Ratio: 1.46%
Misc:
  • Average Volume: 211,781 shs.
  • Beta: 1.52
  • Short Ratio: 11.24
 

Frequently Asked Questions for Ardmore Shipping Corp (NYSE:ASC)

What is Ardmore Shipping Corp's stock symbol?

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

How often does Ardmore Shipping Corp pay dividends? What is the dividend yield for Ardmore Shipping Corp?

Ardmore Shipping Corp announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Tuesday, August 16th will be paid a dividend of $0.11 per share on Wednesday, August 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, August 12th. View Ardmore Shipping Corp's Dividend History.

How were Ardmore Shipping Corp's earnings last quarter?

Ardmore Shipping Corp (NYSE:ASC) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.06) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.10) by $0.04. The company had revenue of $49.67 million for the quarter, compared to analysts' expectations of $30.75 million. Ardmore Shipping Corp had a return on equity of 1.64% and a net margin of 2.28%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. View Ardmore Shipping Corp's Earnings History.

When will Ardmore Shipping Corp make its next earnings announcement?

Ardmore Shipping Corp is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Ardmore Shipping Corp.

Where is Ardmore Shipping Corp's stock going? Where will Ardmore Shipping Corp's stock price be in 2017?

8 brokerages have issued 12 month target prices for Ardmore Shipping Corp's stock. Their forecasts range from $8.00 to $11.50. On average, they anticipate Ardmore Shipping Corp's stock price to reach $10.13 in the next year. View Analyst Ratings for Ardmore Shipping Corp.

What are analysts saying about Ardmore Shipping Corp stock?

Here are some recent quotes from research analysts about Ardmore Shipping Corp stock:

  • 1. According to Zacks Investment Research, "Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. " (3/21/2017)
  • 2. Morgan Stanley analysts commented, "Despite weak demand and low refinery margins, a low order book keeps rates above breakeven and ASC profitable," analyst Fotis Giannakoulis wrote in a note.However, rates remain above break-even levels, as the order book is at an all-time low and fleet supply growth declines."As global product inventories decline and refinery margins recover, MR rates start gradually improving averaging $16kpd in 2017 and $17kpd in 2018, allowing ASC to generate solid profits and pay a dividend of ~$0.45 in 2017 and over $0.60 in 2018," Giannakoulis noted.Further, new export-oriented refineries in the Middle East and Asia are expected to drive further growth in trade, in addition to ton-mile expansion through growing dislocation of refining capacity.Related Link: DHT Holdings At A Discount to NAV; Morgan Stanley DowngradesHowever, Giannakoulis cut the price target on the stock to $8 from $9.5.Meanwhile, the analyst's bull case calls for a price target of $13 based on assumption that global trade in refined product strengthens significantly as oil demand rises, benefiting from low oil prices and better macro.The bull case also assumes MR2 vessels earn $22kpd, allowing ASC to generate $90 million of operating cash flow and about $2.30 EPS. Further, the thesis assumes ASC distributes 60 percent of its EPS and market sees about a $1.10 dividend.On the other hand, Giannakoulis' bear case calls for a price target of $5 as "high new building deliveries in 2016 and a softer freight rate environment drive asset values 20 percent below our base case." (8/25/2016)

Who are some of Ardmore Shipping Corp's key competitors?

Who owns Ardmore Shipping Corp stock?

Ardmore Shipping Corp's stock is owned by many different of retail and institutional investors. Top institutional investors include Donald Smith & CO. Inc. (0.00%), FMR LLC (0.00%), Royce & Associates LP (0.00%), American Century Companies Inc. (4.24%), Boston Partners (2.80%) and Eagle Boston Investment Management Inc. (2.71%). View Institutional Ownership Trends for Ardmore Shipping Corp.

Who sold Ardmore Shipping Corp stock? Who is selling Ardmore Shipping Corp stock?

Ardmore Shipping Corp's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Wells Fargo & Company MN, TIAA CREF Investment Management LLC, Morgan Stanley, FMR LLC, Goldman Sachs Group Inc., American Century Companies Inc. and Donald Smith & CO. Inc.. View Insider Buying and Selling for Ardmore Shipping Corp.

Who bought Ardmore Shipping Corp stock? Who is buying Ardmore Shipping Corp stock?

Ardmore Shipping Corp's stock was acquired by a variety of institutional investors in the last quarter, including Van Den Berg Management I Inc., Signia Capital Management LLC, Dimensional Fund Advisors LP, KBC Group NV, Royce & Associates LP, Sei Investments Co., Schneider Capital Management Corp and Boston Partners. View Insider Buying and Selling for Ardmore Shipping Corp.

How do I buy Ardmore Shipping Corp stock?

Shares of Ardmore Shipping Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ardmore Shipping Corp stock cost?

One share of Ardmore Shipping Corp stock can currently be purchased for approximately $7.80.

Analyst Ratings

Consensus Ratings for Ardmore Shipping Corp (NYSE:ASC) (?)
Ratings Breakdown: 2 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $10.13 (29.81% upside)

Analysts' Ratings History for Ardmore Shipping Corp (NYSE:ASC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Jefferies Group LLCReiterated RatingBuy$10.00HighView Rating Details
3/6/2017ABN AmroUpgradeHold -> Buy$11.50N/AView Rating Details
10/3/2016Clarkson CapitalDowngradeBuy -> NeutralN/AView Rating Details
9/27/2016Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
8/25/2016Morgan StanleyDowngradeOverweight -> Equal Weight$8.00N/AView Rating Details
8/16/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
8/3/2016Stifel NicolausReiterated RatingBuyN/AView Rating Details
6/15/2016Deutsche Bank AGReiterated RatingBuy$11.00N/AView Rating Details
5/4/2016Seaport Global SecuritiesReiterated RatingBuy$13.00N/AView Rating Details
11/5/2015Citigroup IncUpgradeAccumulate -> Buy$17.00N/AView Rating Details
10/29/2015DanskeBoost Price TargetBuy$15.00 -> $16.00N/AView Rating Details
(Data available from 5/22/2015 forward)

Earnings

Earnings History for Ardmore Shipping Corp (NYSE:ASC)
Earnings by Quarter for Ardmore Shipping Corp (NYSE:ASC)
Earnings History by Quarter for Ardmore Shipping Corp (NYSE:ASC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017        
5/3/20173/31/2017($0.10)($0.06)$30.75 million$49.67 millionViewListenView Earnings Details
2/7/2017Q416($0.11)($0.11)$32.52 million$43.20 millionViewListenView Earnings Details
11/2/2016Q316($0.05)($0.05)$30.32 million$38.00 millionViewN/AView Earnings Details
8/2/2016Q216$0.13$0.18$32.49 million$39.70 millionViewN/AView Earnings Details
5/4/2016Q116$0.27$0.26$36.46 million$36.10 millionViewN/AView Earnings Details
2/3/2016Q415$0.25$0.21$34.87 million$41.80 millionViewN/AView Earnings Details
10/27/2015Q315$0.37$0.52$36.25 million$47.20 millionViewListenView Earnings Details
5/5/2015Q115$0.15$0.20$25.18 million$29.62 millionViewN/AView Earnings Details
2/3/2015Q414$0.06$0.07$18.45 million$22.30 millionViewN/AView Earnings Details
5/13/2014Q1 2014($0.02)($0.02)$12.04 million$12.39 millionViewN/AView Earnings Details
2/20/2014Q413($0.04)($0.07)$10.13 million$9.60 millionViewN/AView Earnings Details
11/11/2013Q3 13($0.09)($0.03)ViewN/AView Earnings Details
8/26/2013Q213($0.04)$7.03 million$8.35 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ardmore Shipping Corp (NYSE:ASC)
2017 EPS Consensus Estimate: $0.07
2018 EPS Consensus Estimate: $0.82
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.11)($0.10)($0.11)
Q2 20172($0.05)($0.05)($0.05)
Q3 20172($0.06)$0.16$0.05
Q4 20172$0.03$0.31$0.17
Q1 20181$0.20$0.20$0.20
Q2 20181$0.20$0.20$0.20
Q3 20181$0.21$0.21$0.21
Q4 20181$0.21$0.21$0.21
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Ardmore Shipping Corp (NYSE:ASC)
Most Recent Dividend:8/31/2016
Annual Dividend:$0.27
Dividend Yield:3.46%
Dividend Growth:82.30% (3 Year Average)
Payout Ratio:142.11% (Trailing 12 Months of Earnings)
-2,700.00% (Based on This Year's Estimates)
35.53% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Ardmore Shipping Corp (NYSE:ASC)

Dividend History by Quarter for Ardmore Shipping Corp (NYSE:ASC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2016quarterly$0.115.44%8/12/20168/16/20168/31/2016
5/5/2016quarterly$0.136.03%5/12/20165/16/20165/31/2016
2/3/2016Quarterly$0.136.66%2/10/20162/15/20162/29/2016
10/27/2015Quarterly$0.3111/4/201511/6/201511/16/2015
7/16/2015quarterly$0.103.02%7/29/20157/31/20158/14/2015
4/16/2015quarterly$0.103.73%4/28/20154/30/20155/15/2015
1/16/2015quarterly$0.103.51%1/28/20151/30/20152/18/2015
10/15/2014quarterly$0.104.11%10/29/201410/31/201411/18/2014
7/15/2014quarterly$0.103.18%7/29/20147/31/20148/14/2014
4/15/2014quarterly$0.103.13%4/28/20144/30/20145/15/2014
1/15/2014quarterly$0.102.74%1/29/20141/31/20142/14/2014
11/1/2013special$0.0711/6/201311/8/201311/20/2013
10/31/2013quarterly$0.0711/8/201311/20/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Ardmore Shipping Corp (NYSE:ASC)
Institutional Ownership Percentage: 70.35%
Insider Trades by Quarter for Ardmore Shipping Corp (NYSE:ASC)
Institutional Ownership by Quarter for Ardmore Shipping Corp (NYSE:ASC)
Insider Trades by Quarter for Ardmore Shipping Corp (NYSE:ASC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/7/2016Ryan KaltDirectorBuy19,500$0.16$3,120.00
3/30/2016Ryan KaltDirectorBuy6,000$0.05$270.00
3/29/2016Ryan KaltDirectorBuy5,000$0.05$250.00
3/18/2016Ryan KaltDirectorBuy5,000$0.06$275.00
3/16/2016Ryan KaltDirectorBuy57,500$0.05$2,875.00
1/15/2016Ryan KaltDirectorBuy5,000$0.02$100.00
11/17/2015Ryan KaltDirectorBuy2,000$0.03$60.00
8/18/2015Ryan KaltDirectorBuy29,000$0.03$870.00
7/30/2015Ryan KaltDirectorBuy14,000$0.03$350.00
7/23/2015Ryan KaltDirectorBuy100,000$0.03$3,000.00
7/22/2015Ryan KaltDirectorBuy5,000$0.03$150.00
7/8/2015Ryan KaltDirectorBuy30,000$0.03$900.00
7/7/2015Ryan KaltDirectorBuy25,000$0.04$875.00
7/6/2015Ryan KaltDirectorBuy20,000$0.04$700.00
6/26/2015Ryan KaltDirectorBuy100,000$0.03$3,000.00
5/5/2015Ryan KaltDirectorBuy5,000$0.04$175.00
4/14/2015Ryan KaltDirectorBuy17,000$0.03$425.00
4/9/2015Ryan KaltDirectorBuy1,000$0.03$25.00
4/7/2015Ryan KaltDirectorBuy15,000$0.03$375.00
4/2/2015Ryan KaltDirectorBuy8,000$0.03$200.00
3/31/2015Ryan KaltDirectorBuy1,000$0.03$30.00
3/27/2015Ryan KaltDirectorBuy102,000$0.03$3,060.00
3/18/2015Ryan KaltDirectorBuy96,500$0.03$2,895.00
3/18/2015Ryan KaltDirectorBuy96,500$0.03$2,895.00
1/5/2015Ryan KaltDirectorBuy3,000$0.05$135.00
12/12/2014Ryan KaltDirectorBuy4,500$0.03$135.00
12/4/2014Ryan KaltDirectorBuy3,333$0.03$99.99
11/26/2014Ryan KaltDirectorBuy5,000$0.04$200.00
11/6/2014Ryan KaltDirectorBuy55,000$0.03$1,375.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Ardmore Shipping Corp (NYSE:ASC)
Latest Headlines for Ardmore Shipping Corp (NYSE:ASC)
Source:
DateHeadline
americanbankingnews.com logo Brokerages Expect Ardmore Shipping Corp (ASC) Will Post Quarterly Sales of $31.46 Million
www.americanbankingnews.com - May 17 at 9:12 AM
finance.yahoo.com logoArdmore Shipping to Host Investor and Analyst Event on May 24, 2017
finance.yahoo.com - May 10 at 8:50 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - May 9 at 9:07 AM
americanbankingnews.com logoResearch Analysts Issue Forecasts for Ardmore Shipping Corp's Q2 2017 Earnings (ASC)
www.americanbankingnews.com - May 8 at 8:21 AM
finance.yahoo.com logoETFs with exposure to Ardmore Shipping Corp. : May 5, 2017
finance.yahoo.com - May 5 at 8:41 PM
americanbankingnews.com logoArdmore Shipping Corp to Post FY2017 Earnings of $0.35 Per Share, Jefferies Group Forecasts (ASC)
www.americanbankingnews.com - May 5 at 2:25 PM
finance.yahoo.com logoArdmore Shipping Corp. :ASC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 4, 2017
finance.yahoo.com - May 4 at 3:44 PM
seekingalpha.com logoArdmore Shipping's (ASC) CEO Anthony Gurnee on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 8:45 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Impact Ardmore Shipping Corp (ASC) Share Price
www.americanbankingnews.com - May 3 at 7:24 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Posts Earnings Results, Beats Expectations By $0.04 EPS
www.americanbankingnews.com - May 3 at 6:04 PM
finance.yahoo.com logoArdmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2017
finance.yahoo.com - May 3 at 10:13 AM
finance.yahoo.com logoArdmore Shipping reports 1Q loss
finance.yahoo.com - May 3 at 10:13 AM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 1 at 11:56 AM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Getting Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 27 at 4:40 PM
finance.yahoo.com logoArdmore Shipping Announces First Quarter 2017 Conference Call and Webcast - Yahoo Finance
finance.yahoo.com - April 27 at 4:04 PM
americanbankingnews.com logoZacks: Brokerages Expect Ardmore Shipping Corp (ASC) Will Announce Quarterly Sales of $30.67 Million
www.americanbankingnews.com - April 27 at 2:01 PM
finance.yahoo.com logoArdmore Shipping Announces First Quarter 2017 Conference Call and Webcast
finance.yahoo.com - April 26 at 8:56 PM
americanbankingnews.com logoBrokers Set Expectations for Ardmore Shipping Corp's Q1 2017 Earnings (ASC)
www.americanbankingnews.com - April 26 at 9:09 AM
finance.yahoo.com logoEx-SEAL Turned Fund Manager Recommends This Shipping Company
finance.yahoo.com - April 25 at 3:36 PM
finance.yahoo.com logoETFs with exposure to Ardmore Shipping Corp. : April 25, 2017
finance.yahoo.com - April 25 at 3:36 PM
americanbankingnews.com logoSomewhat Critical Media Coverage Unlikely to Impact Ardmore Shipping Corp (ASC) Stock Price
www.americanbankingnews.com - April 24 at 5:18 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Stock Rating Reaffirmed by Jefferies Group LLC
www.americanbankingnews.com - April 24 at 10:40 AM
americanbankingnews.com logoFavorable News Coverage Very Likely to Impact Ardmore Shipping Corp (ASC) Share Price
www.americanbankingnews.com - April 21 at 10:45 AM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Earns Daily News Sentiment Rating of 0.16
www.americanbankingnews.com - April 18 at 12:14 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Receiving Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 14 at 3:48 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 14 at 10:14 AM
finance.yahoo.com logoETFs with exposure to Ardmore Shipping Corp. : April 10, 2017
finance.yahoo.com - April 10 at 3:39 PM
finance.yahoo.com logoWhy Ardmore Shipping Corporation Stock Popped 15% in March
finance.yahoo.com - April 7 at 8:06 AM
seekingalpha.com logoProduct Tanker Rates Surging, Medium-Term Bull Outlook Stronger Than Ever
seekingalpha.com - March 28 at 11:07 AM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - March 27 at 8:26 AM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Downgraded by Zacks Investment Research
www.americanbankingnews.com - March 21 at 8:46 PM
americanbankingnews.com logoArdmore Shipping Corp (ASC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - March 20 at 12:55 PM
finance.yahoo.com logoARDMORE SHIPPING CORP Financials
finance.yahoo.com - March 17 at 4:18 PM
finance.yahoo.com logoArdmore Shipping upgraded by ABN Amro
finance.yahoo.com - March 7 at 8:29 AM
finance.yahoo.com logoEdited Transcript of ASC earnings conference call or presentation 7-Feb-17 3:00pm GMT
finance.yahoo.com - February 9 at 3:46 PM
seekingalpha.com logoArdmore Shipping's (ASC) CEO Anthony Gurnee on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 7 at 9:36 PM
streetinsider.com logoForm 6-K Ardmore Shipping Corp For: Feb 07
www.streetinsider.com - February 7 at 4:35 PM
biz.yahoo.com logoQ4 2016 Ardmore Shipping Corp Earnings Release - Before Market Open
us.rd.yahoo.com - February 7 at 4:35 PM
us.rd.yahoo.com logoArdmore Shipping Corporation Announces Financial Results for the Three and Twelve Months Ended December 31, 2016
us.rd.yahoo.com - February 7 at 4:35 PM
us.rd.yahoo.com logo8:35 am Ardmore Shipping misses by $0.04, beats on revs
us.rd.yahoo.com - February 7 at 4:35 PM
finance.yahoo.com logoArdmore Shipping Announces Fourth Quarter and Full Year 2016 Conference Call and Webcast
finance.yahoo.com - January 31 at 8:51 PM

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Ardmore Shipping Corp (ASC) Chart for Monday, May, 22, 2017

This page was last updated on 5/22/2017 by MarketBeat.com Staff