NYSE:ASC Ardmore Shipping Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ardmore Shipping Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $3.02 -0.06 (-1.95 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$2.99Now: $3.02▼$3.1250-Day Range$3.08MA: $3.76▼$4.3152-Week Range$2.95Now: $3.02▼$9.79Volume275,620 shsAverage Volume410,423 shsMarket Capitalization$100.34 millionP/E Ratio6.04Dividend Yield1.62%Beta1.08 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of January 31, 2019, the company operated a fleet of 27 double-hulled product and chemical tankers, including 21 Eco-design and 6 Eco-mod vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies. The company was founded in 2010 and is based in Pembroke, Bermuda.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.95, Ardmore Shipping has a forecasted upside of 130.1% from its current price of $3.02.Amount of Analyst CoverageArdmore Shipping has received no research coverage in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesArdmore Shipping has received 403 “outperform” votes. (Add your “outperform” vote.)Underperform VotesArdmore Shipping has received 420 “underperform” votes. (Add your “underperform” vote.)Community SentimentArdmore Shipping has received 51.03% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Ardmore Shipping and other stocks. Vote “Outperform” if you believe ASC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ASC will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldArdmore Shipping pays a meaningful dividend of 1.62%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 6.25% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions85.68% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to grow by 73.91% in the coming year, from $0.46 to $0.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 6.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 6.04, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.80.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.36 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:ASC Previous Symbol CUSIPN/A CIK1577437 Webardmoreshipping.com Phone441-405-7800Debt Debt-to-Equity Ratio1.10 Current Ratio2.29 Quick Ratio2.16Price-To-Earnings Trailing P/E Ratio6.04 Forward P/E Ratio6.57 P/E GrowthN/A Sales & Book Value Annual Sales$230.04 million Price / Sales0.44 Cash Flow$0.83 per share Price / Cash Flow3.66 Book Value$9.85 per share Price / Book0.31Profitability EPS (Most Recent Fiscal Year)($0.28) Net Income$-22,860,000.00 Net Margins6.64% Return on Equity5.12% Return on Assets2.19%Miscellaneous Employees1,105 Outstanding Shares33,226,000Market Cap$100.34 million Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $3.02 -0.06 (-1.95 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive ASC News and Ratings via Email Sign-up to receive the latest news and ratings for ASC and its competitors with MarketBeat's FREE daily newsletter. Ardmore Shipping (NYSE:ASC) Frequently Asked Questions How has Ardmore Shipping's stock price been impacted by Coronavirus? Ardmore Shipping's stock was trading at $4.86 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ASC stock has decreased by 37.9% and is now trading at $3.02. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Ardmore Shipping? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Ardmore Shipping. When is Ardmore Shipping's next earnings date? Ardmore Shipping is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Ardmore Shipping. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Corp (NYSE:ASC) released its quarterly earnings results on Tuesday, July, 28th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. The shipping company had revenue of $47.06 million for the quarter, compared to analysts' expectations of $54.67 million. Ardmore Shipping had a return on equity of 5.12% and a net margin of 6.64%. View Ardmore Shipping's earnings history. How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping? Ardmore Shipping declared a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.05 per share on Friday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Thursday, February 20th. View Ardmore Shipping's dividend history. What price target have analysts set for ASC? 3 Wall Street analysts have issued 1 year target prices for Ardmore Shipping's shares. Their forecasts range from $4.40 to $9.50. On average, they expect Ardmore Shipping's stock price to reach $6.95 in the next twelve months. This suggests a possible upside of 130.1% from the stock's current price. View analysts' price targets for Ardmore Shipping. Who are some of Ardmore Shipping's key competitors? Some companies that are related to Ardmore Shipping include Dorian LPG (LPG), Genco Shipping & Trading (GNK), Teekay (TK), Eagle Bulk Shipping (EGLE), Overseas Shipholding Group (OSG), Scorpio Bulkers (SALT), Danaos (DAC), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), Capital Product Partners (CPLP), Global Ship Lease (GSL), Pangaea Logistics Solutions (PANL), Safe Bulkers (SB), StealthGas (GASS) and Grindrod Shipping (GRIN). View all competitors. What other stocks do shareholders of Ardmore Shipping own? 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), Scorpio Tankers (STNG), AT&T (T), AMC Entertainment (AMC), Zynga (ZNGA), Advanced Micro Devices (AMD), Energy Transfer LP Unit (ET) and Fossil Group (FOSL). Who are Ardmore Shipping's key executives? Ardmore Shipping's management team includes the following people: Mr. Anthony Gurnee CFA, Founder, Pres, CEO & Director (Age 59)Mr. Paul Tivnan, Sr. VP, CFO, Treasurer & Sec. (Age 39)Mr. Mark Cameron, Exec. VP & COO (Age 53)Mr. Jorge Lavin, Director of AccountingMs. Aideen O'Driscoll, Director of HR What is Ardmore Shipping's stock symbol? Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC." Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (9.62%), Russell Investments Group Ltd. (6.52%), Donald Smith & CO. Inc. (5.61%), Sei Investments Co. (1.84%), Goldman Sachs Group Inc. (1.51%) and Prudential Financial Inc. (1.23%). View institutional ownership trends for Ardmore Shipping. Which major investors are selling Ardmore Shipping stock? ASC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Donald Smith & CO. Inc., Man Group plc, WealthTrust Axiom LLC, Macquarie Group Ltd., AQR Capital Management LLC, Marshall Wace LLP, and Monarch Partners Asset Management LLC. View insider buying and selling activity for Ardmore Shipping. Which major investors are buying Ardmore Shipping stock? ASC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Adirondack Research & Management Inc., California Public Employees Retirement System, Charles Schwab Investment Management Inc., UBS Group AG, Algert Global LLC, Stifel Financial Corp, and Campbell & CO Investment Adviser LLC. View insider buying and selling activity for Ardmore Shipping. How do I buy shares of Ardmore Shipping? Shares of ASC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Ardmore Shipping's stock price today? One share of ASC stock can currently be purchased for approximately $3.02. How big of a company is Ardmore Shipping? Ardmore Shipping has a market capitalization of $100.34 million and generates $230.04 million in revenue each year. The shipping company earns $-22,860,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Ardmore Shipping employs 1,105 workers across the globe. What is Ardmore Shipping's official website? The official website for Ardmore Shipping is ardmoreshipping.com. How can I contact Ardmore Shipping? Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected] This page was last updated on 9/26/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
