NYSE:ASC - Ardmore Shipping Stock Price, Price Target & More

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

Ardmore Shipping announced that its Board of Directors has authorized a stock repurchase program on Friday, September 1st 2017, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Ardmore Shipping Corp (NYSE:ASC) issued its quarterly earnings data on Wednesday, May, 2nd. The shipping company reported ($0.16) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.15) by $0.01. The shipping company earned $50.40 million during the quarter, compared to analyst estimates of $31.03 million. Ardmore Shipping had a negative net margin of 7.88% and a negative return on equity of 3.98%. The business's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Ardmore Shipping.

5 equities research analysts have issued 12-month price objectives for Ardmore Shipping's shares. Their forecasts range from $9.00 to $12.00. On average, they anticipate Ardmore Shipping's share price to reach $10.60 in the next twelve months. View Analyst Ratings for Ardmore Shipping.

Some companies that are related to Ardmore Shipping include Frontline (FRO), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Teekay (TK), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Gener8 Maritime (GNRT), Diana Shipping (DSX), DryShips (DRYS), SEACOR Marine (SMHI) and Dorian LPG (LPG).

Headlines about ASC stock have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ardmore Shipping earned a media sentiment score of 0.18 on Accern's scale. They also gave news headlines about the shipping company an impact score of 47.89 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Ardmore Shipping's stock is owned by many different of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (10.31%), Donald Smith & CO. Inc. (9.60%), Boston Partners (5.11%), BlackRock Inc. (4.05%), American Century Companies Inc. (3.75%) and Eagle Boston Investment Management Inc. (3.27%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., American Century Companies Inc., Shepherd Kaplan Krochuk LLC and State Board of Administration of Florida Retirement System. View Insider Buying and Selling for Ardmore Shipping.

ASC stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Private Management Group Inc., Dimensional Fund Advisors LP, Sei Investments Co., Donald Smith & CO. Inc., BlackRock Inc., Boston Partners and Monarch Partners Asset Management LLC. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of ASC stock can currently be purchased for approximately $8.05.

Ardmore Shipping has a market capitalization of $260.21 million and generates $195.93 million in revenue each year. The shipping company earns $-12,490,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Ardmore Shipping employs 1,027 workers across the globe.

Ardmore Shipping's mailing address is Cumberland House 1 Victoria Street 5th Floor, Hamilton D0, HM11. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected]