NYSE:ASC - Ardmore Shipping Stock Price, News, & Analysis

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

Ardmore Shipping declared that its board has approved a share repurchase program on Friday, September 1st 2017, which permits the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Ardmore Shipping Corp (NYSE:ASC) announced its earnings results on Tuesday, July, 31st. The shipping company reported ($0.26) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.01. The shipping company had revenue of $28.20 million for the quarter, compared to analysts' expectations of $28.44 million. Ardmore Shipping had a negative net margin of 11.15% and a negative return on equity of 5.70%. The company's quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Ardmore Shipping.

5 brokerages have issued 1-year price objectives for Ardmore Shipping's stock. Their forecasts range from $8.00 to $12.00. On average, they expect Ardmore Shipping's stock price to reach $10.40 in the next year. This suggests a possible upside of 49.6% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ardmore Shipping.

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

News articles about ASC stock have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ardmore Shipping earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned headlines about the shipping company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Ardmore Shipping.

Ardmore Shipping's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Donald Smith & CO. Inc. (8.84%), Russell Investments Group Ltd. (8.07%), Royce & Associates LP (6.57%), FMR LLC (5.01%), BlackRock Inc. (4.72%) and Bank of New York Mellon Corp (4.44%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., FMR LLC, American Century Companies Inc., Donald Smith & CO. Inc., Boston Partners, State Board of Administration of Florida Retirement System, Aristotle Capital Boston LLC and Ingalls & Snyder LLC. View Insider Buying and Selling for Ardmore Shipping.

ASC stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, BlackRock Inc., Renaissance Technologies LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Paloma Partners Management Co, Eagle Boston Investment Management Inc. and Sei Investments Co.. 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 $6.95.

Ardmore Shipping has a market capitalization of $228.38 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 1,151 workers across the globe.

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 1-441-292-9332 or via email at [email protected]